by whoiskatrin on 1/11/24, 6:44 PM with 22 comments
by bogwog on 1/11/24, 7:16 PM
What are the incentives for doing this?
by Someone on 1/11/24, 8:45 PM
I don’t see it agreeing fully with the title of this post. It says:
“Much of these problems with Google today stem from a lack of visionary leadership from Sundar Pichai, and his clear lack of interest in maintaining the cultural norms of early Google. A symptom of this is the spreading contingent of inept middle management.”
So, it claims “inept middle management” is a symptom, not a cause.
by blamestross on 1/11/24, 7:20 PM
Ultimately it is so much simpler. Google is a growth stock. It's value isn't in revenue. It isn't even in the YoY growth. The value is in the second derivative of revenue. It's value is predicated on the company staying on the "fun and super linear growth" part of the sigmoid growth curve.
The growth is changing inflection and they have to do everything they can to keep the illusion that it isn't alive because once Google stops accelerating the stock will crash and it will "fail".
So the c-suite could manage the transition from a growth stock to a dividend stock, or they could keep chopping off bits to keep the old dream alive for one more quarter.
by ramesh31 on 1/11/24, 7:19 PM
by dave333 on 1/12/24, 9:25 AM
by moose_man on 1/11/24, 7:03 PM
by AnimalMuppet on 1/11/24, 7:16 PM
<checks search engine market share>
<looks at Alphabet's latest P&L>
Uh... they're sure showing a lot of life for having been killed...
by whoiskatrin on 1/11/24, 7:20 PM
by TriangleEdge on 1/11/24, 9:45 PM
by cdme on 1/11/24, 7:18 PM
by 28304283409234 on 1/12/24, 6:44 PM
Bye