Apparently GOOG is dying and that's why it gained $1 trillion market cap the last 10 years - the vast majority of it in the last 5 years.
The article is so full of nonsense, it's unbelievable.
> Google made almost all its money from ads.
Like it always did.
> It was a booming business — until it wasn’t.
It's still a booming business. Look at their quarterly reports.
> Here’s how things looked right before the most spectacular crash the technology industry had ever seen.
What crash?
> Google was a driving force in the technology industry ever since its disruptive entry in 1998.
No. Google was an internet search pioneer. It didn't drive the technology industry.
> Innovation costs money, and Google’s main stream of revenue had started to dry up.
Has this guy ever look at financial statements? Google had $46 billion in revenue the latest quarter. It had a net profit of more than $11 billion in the latest quarter. What is this guy talking about?
Edit: It's even worse than I expected. The article is a rehash of an article from April 2017.
https://hackernoon.com/how-google-collapsed-b6ffa82198ee
To show how incredibly wrong the predictions were, google's stock price more than doubled since the article was published and Google's market cap increased by more than $700 billion.
The article is so full of nonsense, it's unbelievable.
> Google made almost all its money from ads.
Like it always did.
> It was a booming business — until it wasn’t.
It's still a booming business. Look at their quarterly reports.
> Here’s how things looked right before the most spectacular crash the technology industry had ever seen.
What crash?
> Google was a driving force in the technology industry ever since its disruptive entry in 1998.
No. Google was an internet search pioneer. It didn't drive the technology industry.
> Innovation costs money, and Google’s main stream of revenue had started to dry up.
Has this guy ever look at financial statements? Google had $46 billion in revenue the latest quarter. It had a net profit of more than $11 billion in the latest quarter. What is this guy talking about?
Edit: It's even worse than I expected. The article is a rehash of an article from April 2017.
https://hackernoon.com/how-google-collapsed-b6ffa82198ee
To show how incredibly wrong the predictions were, google's stock price more than doubled since the article was published and Google's market cap increased by more than $700 billion.