this post was submitted on 25 May 2024
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Thanks.
Being a CEO must be amazing. You can fail and even bring an entire company down, and keep on getting the same job somewhere else.
He has experience and obviously that means he learned a lesson after failing at a job that requires being a belligerent asshole to get.
Of the company doesn't even have to collapse, you just have to make it seem like it did. Lehman Brothers didn't go bankrupt in the sense of the word a normal person thinks. If you or I go bankrupt it means ramen for dinner for the next decade. For Lehman it was just a strategic move.
I get your point but from a business perspective Google is doing pretty well (see last quarterly earning and they announced dividends for the first time). It's good to be a shareholder and from that perspective the CEO is doing a good job.
Time and time again markets have shown, within reason, poor user experience and anti-consumer policies do not negatively impact stock price.
Well not when it's a company that people can't get away from. Big tech is so big and there are so few alternatives that they can treat people how they like.
We are living in the mega corp world now where they have more money than countries.
Money is power to make the rules what you want.
Yes, again I'm not saying that's how it should be, I'm saying what is.
Enshittification won't be a thing if actual user experience matters as much as we like it to in business.
It's relatively easy to squeeze a profit boost by sacrificing long term vision.... Last quarter will mean nothing if Google is knocked from its pedestal in a year or two (which is what the current trend looks to be pointing to)
Yeah I want evidence for this. Please show me something that is even approaching the power of AdSense. Then do it for everything else they own. YouTube, Google maps, gmail, Android, the play store, etc.
It's this weird thing I see on lemmy "well I stopped using a product therefore it is dead". News flash: Big Bang Theory ran for 12 seasons and Meta has a capitalization over half the countries of earth GDP.
Problems don't go away because you have decided to ignore them.
What you are stating is nowhere near the point I was trying to make.
We have seen a million times how a company can be destroyed for short term gains.... Most recent public example is red lobster
I have no clue if this is what's going to happen to google... But my point was that have a good last quarter (the one associated with the new head of Search) is not an indication that his strategies will pan out ... In fact, everything he touched before went the same way, short term profit, long term demise
Ok fine fair.
To be brutally honest, many times I see Reddit / Lemmy proclaim, "Product X is dead because it did Y" - these claims are usually followed by surges in revenue / stock performance by said company and soon no one really talks much about it. Example - Netflix Password crackdown.
Seriously, most of the internet still uses that ban happy nonsense that is Reddit. I hate being referred then when I have problems, m,y account was perma-suspended over bullshit!
FWIW they are cannibalizing ads right now with AI summaries, since people will navigate less to websites (in the world where they are useful, which they don’t seem to be at the moment).
Revenue is a lag indicator
Sure but Google Search has been crappy for many quarters.
I'm not saying thats how it should be, I'm just pointing out what is.
^This guy has an MBA
lol I don't. The earnings report is public.