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Google Earning Q1 2024 [pdf]

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Re: Google Earning Q1 2024 [pdf]

#211

Earlier quoted context omitted.

I was asking GPT some question reg a Postgres feature , it gave me the answer with the caveat that it's knowledgebase hadn't been updated in a year. I went right back to google.

lol at people still using Google. Kagi is far superior.

lol at paying for search.

Re: Google Earning Q1 2024 [pdf]

#212
post #9

I thought that this earnings announcement would be the first one where we'd see some impact from competitive knowledge engines, e.g. Perplexity, You.com, ChatGPT + Bing, etc., but Google still grew search $6B/15%. This is impressive both because it's hard to keep such a big business growing at that rate and because essentially everyone in my social circle has moved on from going to Google first for information. I gue…

> essentially everyone in my social circle has moved on from going to Google first for information. I guess our demographic is not predictive of the larger market. "Google is dead, no one goes there anymore" is one of the most tired takes I see frequently on HN. It's nice to hear someone express the self-awareness to realize that what they see in their immediate circle is not representative of reality.

They think if they say it enough times they’ll eventually get it right one day to have their I told you so moment.

The smart money is always going against their hate. It’s not enough to stop using their services, but to also convince their friends and family to switch to their choices.

Re: Google Earning Q1 2024 [pdf]

#213

Earlier quoted context omitted.

You still have to verify plausible sounding LLM output somewhere.

And Google is doing a worse and worse job of performing that role or any other. There are other search engines and almost all of them are orders of magnitude better than google is now.

Saying other search engines are orders of magnitude better is the funniest thing I’ve read all week.

Re: Google Earning Q1 2024 [pdf]

#214

Earlier quoted context omitted.

The layoffs and dividend are related -- the company's death rattle has been shaking a while now. Management is desperate to retain the confidence of the investor class.

> death rattle Stock up 16% after hours.

It is a death rattle. For the short sellers, that is.

Re: Google Earning Q1 2024 [pdf]

#215

Earlier quoted context omitted.

The layoffs and dividend are related -- the company's death rattle has been shaking a while now. Management is desperate to retain the confidence of the investor class.

Top 5 most valuable company on earth Massive YoY growth Massive cash horde, buybacks, dividends Target of endless legal actions due to market dominance "death rattle"

TIL.Death Rattle is slang for Extremely Successful.

Re: Google Earning Q1 2024 [pdf]

#216

Earlier quoted context omitted.

I’m a Googler who doesn’t do anything remotely close to setting capital return policy. Just remember Alphabet has been buying back 10s of billions for a while. Dividends are just a different capital return mechanism.

Importantly, dividends devalue issued unvested RSUs.

Could you please expand on this? If a person got issued RSUs but they have not vested yet, wouldn't they be happy that the RSUs are going to be worth more by the time they get vested?

Re: Google Earning Q1 2024 [pdf]

#217

Earlier quoted context omitted.

I’m a Googler who doesn’t do anything remotely close to setting capital return policy. Just remember Alphabet has been buying back 10s of billions for a while. Dividends are just a different capital return mechanism.

Importantly, dividends devalue issued unvested RSUs.

I though this was the case, but Googlers will receive Dividend Equivalent Units on unvested GSUs on each dividend payment date.

Re: Google Earning Q1 2024 [pdf]

#218
post #74

Earlier quoted context omitted.

What do you use instead of Google Maps? I don't know enough about alternatives to choose one.

What's even the google hate? the company is great and provides value. Why go into the rabbit hole of worse products?

Reread GP, Google maps has gotten atrocious with highlighting random spots above your search. That's not hate, it's observable fact.

Re: Google Earning Q1 2024 [pdf]

#220
post #9

I thought that this earnings announcement would be the first one where we'd see some impact from competitive knowledge engines, e.g. Perplexity, You.com, ChatGPT + Bing, etc., but Google still grew search $6B/15%. This is impressive both because it's hard to keep such a big business growing at that rate and because essentially everyone in my social circle has moved on from going to Google first for information. I gue…

I have never used an LLM for buying intent and those are the valuable queries, AIUI.
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