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santafe2

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santafe2

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Tuesday, 06/27/2023 2:23:11 PM

Tuesday, June 27, 2023 2:23:11 PM

Post# of 111602
Good discussion on Power Lunch today regarding GOOG. Their issues stem from a couple of areas. One, GOOG is getting ad competition from several sources as streaming services move to an ad based structure to keep their profits up and monthly cost down. See NFLX et. al. Two, AI based search is causing sites like Reddit and Quora to put up walls, go dark to generative AI. As this happens, GOOG is just a site with ads and little interesting content. Many of us quit using GOOG years ago because of this but it's getting worse with the advent of AI search. GOOG search grew only 2% YoY in Q1. It could get worse in Q2. Side note: The NYT now makes more money from subscriptions than ads.

The stock market is a device for transferring money from the impatient to the patient. - WB

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