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Alphabet Announces Second Quarter 2018 Results [pdf]

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Re: Alphabet Announces Second Quarter 2018 Results [pdf]

#51

Had to chuckle at their breaking out earnings into "including fines" and "excluding fines" categories.

It's intended to show an underlying trend of continued growth. That's the story they want Wall St to absorb.

If they continue their behavior, we would expect fines to continue growth as well.

Re: Alphabet Announces Second Quarter 2018 Results [pdf]

#52
post #45
post #37

Earlier quoted context omitted.

You've been posting mainly inflammatory comments about Google and Facebook. Could you please try switching it up? > Please don't use Hacker News primarily for political or ideological battle. This destroys intellectual curiosity, so we ban accounts that do it. https://news.ycombinator.com/newsguidelines.html

Serious question. How is it that Google makes billions of dollars on ads and newspapers that depend on ads are suffering?

Because depending on ads to pay journalists is a crappy business. Ads are worth it if the content with the ads is super cheap to generate (e.g. search result pages, or user generated content)

Re: Alphabet Announces Second Quarter 2018 Results [pdf]

#53
post #3

$5B in EU fines. Ouch.

It hurt, but they still made 3 bil. If they have to pay 5 billion once a year to ensure they have a monopoly I don't that that is a bad trade for them.

> It hurt, but they still made 3 bil. If they have to pay 5 billion once a year to ensure they have a monopoly I don't that that is a bad trade for them.

Why would the fine be annual? Fines aren't a tax you pay so you can continuously break the law. I would imagine if Google doesn't remedy the specific behaviors the EU has issues with, the EU will move on to more severe sanctions.

Re: Alphabet Announces Second Quarter 2018 Results [pdf]

#54

Strong headcount growth versus other FANG-like companies.

Is the A Apple or Amazon? No one is anywhere close to Amazon in headcount growth.

The collective is more commonly referred to as "FAANG": https://www.investopedia.com/terms/f/faang-stocks.asp.

So the answer would be both.

Re: Alphabet Announces Second Quarter 2018 Results [pdf]

#55
post #16

Fines are becoming a common expense, they should list them as a cost of doing business. They aren't tax deductible for US purposes so you are taxed on pre-fine income.

Perhaps they should take a quarterly charge in anticipation of future fines.

Re: Alphabet Announces Second Quarter 2018 Results [pdf]

#56

Honest question: First time reading quarter results. How do I interpret these results?

Revenue: sales recorded. This might or might not represent cash coming through the door in this quarter, but it represents that there is an agreement for cash and goods/services to change hands. Operating income: Money left over after you subtract the costs of operating the business and making the sale. In a manufacturing firm, for example, you would subtract the cost of the materials in the goods sold. For Google th…

I’ve always wondered this - why do internet comments have to explicitly say “I’m not a lawyer and this is not a legal advice”?

I think that it’s pretty obvious and needless. What’s the consequence of not having a disclaimer? Internet has a lot of noise and it is the responsibility of the reader. I never understood why people have to say this.

Same goes for “I am not a Doctor”.

Are there any legal ramifications to:

A) Comment has legal terminology and kind of sounds like legal advice but has no disclaimer.

B) What if someone falsefully claims they’re a Lawyer and puts out a comment on the internet?

I am bothered by this since the dawn of the internet and never understood it.

Re: Alphabet Announces Second Quarter 2018 Results [pdf]

#57
post #22
post #18

Earlier quoted context omitted.

I'm not sure it's the surveillance that makes Google earn so much. I would think the main reason is that search traffic is so valuable to advertisers.

Their whole business model is a targeting advertisement, and targeting comes from the snooping: what you do, what you eat, what you read, where you are.

I think you're confused. Google generates the majority of their revenue from ad targeting. Snooping and spying are performed by your government and paid for by your tax dollars.

Re: Alphabet Announces Second Quarter 2018 Results [pdf]

#58
post #37
post #6

Mass surveillance of billions of people pays off handsomely. Google and Facebook are the only two businesses that prosper on ads, while your local newspapers, specialized websites, and journalism in general are dying.

You've been posting mainly inflammatory comments about Google and Facebook. Could you please try switching it up? > Please don't use Hacker News primarily for political or ideological battle. This destroys intellectual curiosity, so we ban accounts that do it. https://news.ycombinator.com/newsguidelines.html

Why? It's a legitimate criticism of these 2 companies. They essentially hold an oligopoly in the ad space and have openly committed to the destruction of any concept of privacy.

New account because you two continually ban me for this type of thing. I get this is mostly a site for the cult of the founder, but this is still a pretty lame response to one of the bigger issues in this industry.

Re: Alphabet Announces Second Quarter 2018 Results [pdf]

#59
post #16

Fines are becoming a common expense, they should list them as a cost of doing business. They aren't tax deductible for US purposes so you are taxed on pre-fine income.

Perhaps they should take a quarterly charge in anticipation of future fines.

Right, then set the fines at double that. With a minimum.

DO wish US regulators would wake up at some point, but their bribes (sorry, lobbying dollars) are paid on time.

Re: Alphabet Announces Second Quarter 2018 Results [pdf]

#60
post #41

Earlier quoted context omitted.

These are not inflammatory comments. These are facts about two monopolies, that are dangerous for society and for the internet in general. Plus there is this important thing called privacy of the individual.

> These are facts about two monopolies If you poke through my comments, you'll find we share antipathy for Facebook and, to a less degree, Google. That antipathy, however, is an opinion. Not a fact. Neither Facebook nor Google are monopolies by any common definition. Their business models disagree with our values. But a lot of Americans do as well. Your comments forego the debate necessary to establish agreement, and…

Depending on the data source, Google has 80%+ share of the search engine market in many countries (such as here in the UK). That's a level often considered monopolistic.
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