Now this is growth hacking.
Spanish Boy Racks Up €100K Bill, Google Cancels The Charge
41–50 of 55 posts
Re: Spanish Boy Racks Up €100K Bill, Google Cancels The Charge
#42To me, the problem is that all this kid really did is hike up the bid price of competitive keywords, therefore earning more money for Google. I have the same issue with them giving away money for trials, or giving thousands to non-profits. It's gaming their own system from within -- if someone is given money to splurge on Adwords, they will pour it into really competitive keywords without really caring about the retu…
If my experience at a nonprofit is a guide they'll actually call endless meetings to talk about the AdWords and then never get around to using them.
Re: Spanish Boy Racks Up €100K Bill, Google Cancels The Charge
#43A spanish source: http://www.elcomercio.com/tendencias/deuda-google-nino-publi... 12 years old kid is punished to stay at home, he decides to be a famous youtuber and somehow he ends up giving his bank account. Fist invoices are low, after one month with a 19k invoice the bank notifies the parents and the parents block all the invoices.
That's not Spanish, that's from Ecuador.
Re: Spanish Boy Racks Up €100K Bill, Google Cancels The Charge
#44Re: Spanish Boy Racks Up €100K Bill, Google Cancels The Charge
#45So, you can get away with blowing >$100k on adwords and nobody bats an eye (he was auto-billed), but on AWS I can't spin up more than a few elastic IPs or EBS volumes without going through verification hoops :)
Agreed, if anything, this story is interesting because it shows that Google will let brand new customers go from 0 to 100 k$ without any checking! I really thought I had to add a credit card before I could use adwords,and that they charge at the end of the first month. I feel like there's something missing from this story.
He was being billed from his savings account. It was only when the threshold increased (which Google increases after some time) that the bank raised the warning. (Source: The Register)
Re: Spanish Boy Racks Up €100K Bill, Google Cancels The Charge
#46Earlier quoted context omitted.
Agreed, if anything, this story is interesting because it shows that Google will let brand new customers go from 0 to 100 k$ without any checking! I really thought I had to add a credit card before I could use adwords,and that they charge at the end of the first month. I feel like there's something missing from this story.
He was being billed from his savings account. It was only when the threshold increased (which Google increases after some time) that the bank raised the warning. (Source: The Register)
Ok, this explains it. Thanks!
Big surprise, a site named "freshasfuck" is not a really good source for news!
Re: Spanish Boy Racks Up €100K Bill, Google Cancels The Charge
#47How is it okay that so many services don't come with a clear, configurable, default-low cost accrual cap?
Heck, Comcast is rolling out unlimited* potential liability if you go over without pre-purchasing a $50 insurance policy.
* Given bandwidth constraints, maybe it's only $6500/mo or so. Still.
Re: Spanish Boy Racks Up €100K Bill, Google Cancels The Charge
#48To me, the problem is that all this kid really did is hike up the bid price of competitive keywords, therefore earning more money for Google. I have the same issue with them giving away money for trials, or giving thousands to non-profits. It's gaming their own system from within -- if someone is given money to splurge on Adwords, they will pour it into really competitive keywords without really caring about the retu…
There's so many things wrong with what you said.
A) It's not true that people "splurge" it on adwords. Adwords gives you a finite amount, so you have an interest in being as efficient as possible, at least if you care about your cause. Also, the effect on bid pressure is greater if you bid the same as the nr 1 bidder than if you "splurge it" by bidding $100/click, see D)
B) trials are like £75. Once you spend it, it's gone. You can't get more. It's not gonna bankrupt your the competitors.
C) Non-profits can't "pour it into really competitive keywords". They're limited in what they can do, they can't go bid on life insurance with google's money. They're also limited to a maximum bid of $2/click.
D) Regarding jacking up the price being a real benefit for google... This one is more complicated but you can't be sure without looking at the numbers. Because on the one hand you increase competition, but on the other google only get actual revenue from N-1 ad slots.
You're just guessing.
Re: Spanish Boy Racks Up €100K Bill, Google Cancels The Charge
#49To me, the problem is that all this kid really did is hike up the bid price of competitive keywords, therefore earning more money for Google. I have the same issue with them giving away money for trials, or giving thousands to non-profits. It's gaming their own system from within -- if someone is given money to splurge on Adwords, they will pour it into really competitive keywords without really caring about the retu…
If my experience at a nonprofit is a guide they'll actually call endless meetings to talk about the AdWords and then never get around to using them.
Meaning, the nonprofit will call for meeting with adwords and never actually use them?
Re: Spanish Boy Racks Up €100K Bill, Google Cancels The Charge
#50A spanish source: http://www.elcomercio.com/tendencias/deuda-google-nino-publi... 12 years old kid is punished to stay at home, he decides to be a famous youtuber and somehow he ends up giving his bank account. Fist invoices are low, after one month with a 19k invoice the bank notifies the parents and the parents block all the invoices.
That's not Spanish, that's from Ecuador.
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