this post was submitted on 31 Aug 2023
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He's helped with the only metric that shareholders actually care about: profitability. No matter that a lot of those on-paper $ have come through gimmickry and at the expense of the long-term success of the company.
You are right. The year before he became CEO, Google "only" had revenue of $66B. Last year, their revenue was $280B.
But if you look at the revenue chart, they were headed in that direction seemingly regardless of who was at the helm. But I think he is really hurting their long-term profits. I know that might sound crazy when they are making over 1/4 of a trillion per year, but there are more and more people who will simply not even consider a Google product these days because they feel in 6 months, Google will just kill it off. Who wants an orphaned phone or watch or VR headset, let alone all the software and services they kill off.
Yeah, they aren't just eating their seed corn. They're sowing the seed corn and then burning it down before it bears fruit, over and over
What the fuck?