Google 📉🤔
Google's parent company Alphabet logged its first ad sales decline of the pandemic era i.e., a 1% dip from the year before, to $59 billion. Sluggish YouTube advertising revenue and sales growth in other ad businesses are to blame. The company's latest quarterly results were also denoted by just its second decline in ad sales since 2004 and its fourth consecutive drop in quarterly profit. Alphabet has sought to rein in costs to mitigate an ad spending slowdown driven by rising interest rates and inflation. Net income has plunged by 34% to $13.6 billion, well short of Wall Street expectations. Alphabet is planning “significant” work to improve its spending and growth, Alphabet and Google chief financial officer Ruth Porat told investors, just weeks after laying off 12000 employees due to economic uncertainty. 🧐 https://www.cnbc.com/2023/02/02/alphabet-googl-earnings-q4-2022.html https://finance.yahoo.com/alphabet-misses-on-earnings-expectations-as-ad-revenue-falls-210958819.html https://abc.xyz/investor/static/pdf/2022Q4_alphabet_earnings_release.pdf?cache=9de1a6b
“Sluggish YouTube ad revenue” YouTube is practically unwatchable with the deluge of ads and they still lagging??
Meta you aren’t far off.. annoying ads on ig nonstop bombardment
True, depends which product tho. Reels is actually under monetized and it’s losing us hundreds of millions a quarter
Why not licensing android charging a fee every android sold?
Because its open source, manufacturer only pays for Google suite. If Google goes too hard, they will just start replacing it and not being able to gather data will impact Google more.
Google needs to roll out internal ads where you need to watch an before you can open your dev environment, review CLs, open a design doc, read documentation or submit a change. It will do wonders 😁
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Can someone create “let me chatgpt that for you” like https://letmegooglethat.com/ ?
ChatGPT has just launched a subscription plan. so yeah.