Alphabet shares slide despite earnings beat

Alphabet beat earnings per share estimates but came in short on revenue.

The company broke out Cloud and YouTube revenue for the first time.

The company recently passed $1 trillion in market cap for the first time.

The Google monster - $190 billion in annual revenue - Alphabet $1 Trillion Market Cap

Yes, you read that right.

Google's annual revenue is approximately $190 billion dollars.

YouTube alone contributes about $15 billion/yr in ad revenue.

Those numbers are mind-boggling. This is for a company that has no "real" product to speak of.

Oh, and BTW - the parent company, Alphabet - has a $1 Trillion market cap.

That's trillion with a "T".

Talk about the new economy...

Google, name sake.

A Googol is 10 to the 100th power....




Marketing genius with foresight.

Crazy aint it. Just read where Jeff Bezos made 8 billion in like 20 minutes. I think Amazon is over a trillion as well.

a reply to: lakenheath24

Both google and Amazon are masters at tax avoidance. Why do the two biggest companies in America get away with avoiding so much taxes?
www.forbes.com...

a reply to: Riffrafter

wow , all those profits you'd think they'd maybe pay some taxes

google slammed by oposition

a reply to: Riffrafter

It's amazing how a company that produces no actual products can make that much money.

originally posted by: Bluntone22
a reply to: Riffrafter

It's amazing how a company that produces no actual products can make that much money.

Why is it amazing? Their product is advertising and services. The site is used by the billions daily.

Youtubes product is a platform to host user and professional videos. They make money from advertisements. It is an evolution of TV. It's like saying TV channels have no product.

originally posted by: lakenheath24
Just read where Jeff Bezos made 8 billion in like 20 minutes. I think Amazon is over a trillion as well.

That's paper value, there's no real way to recoup that into actual dollars.

It’s time to get these companies paying a lot more tax

They’re way to powerful

And the way I see it they’re all highly political and leaning further left by the day

originally posted by: Bluntone22
a reply to: Riffrafter

It's amazing how a company that produces no actual products can make that much money.

What?

They make phones, web services, watches, operating systems, apps, maps, cloud services, laptops....

The list is endless. How are these not products?

oh I know. AOC thinks he gets a check and puts it under his mattress. That was more of a how money makes money on an industrial scale post.

ETA...unless one gets a divorce and she cashes those in for you.....


a reply to: AugustusMasonicus

Except...its all legal. And aint no self disrespecting politician gonna close those anytime soon.



a reply to: blueman12

originally posted by: FauxMulder

originally posted by: Bluntone22
a reply to: Riffrafter

It's amazing how a company that produces no actual products can make that much money.

What?

They make phones, web services, watches, operating systems, apps, maps, cloud services, laptops....

The list is endless. How are these not products?

They make laptops?

If so, with the exception of those, phones and watches they are really in the services business vs the product business...

Although the sophistry minded among us could say that a service is a product...so to speak.

I also think all of the "hard product" stuff is outsourced. Does anyone know if they have mfg plants?

Whatever they do - they do it *very* well.

And I actually don't mind Google and Amazon raking in big $$. They provide great products & services and they seem to go out of their way to be good corporate citizens too.

Capitalism at its finest!

originally posted by: Edumakated

originally posted by: Bluntone22
a reply to: Riffrafter

It's amazing how a company that produces no actual products can make that much money.

Why is it amazing? Their product is advertising and services. The site is used by the billions daily.

Youtubes product is a platform to host user and professional videos. They make money from advertisements. It is an evolution of TV. It's like saying TV channels have no product.

Excellent point.

Touché.

originally posted by: Riffrafter

originally posted by: FauxMulder

originally posted by: Bluntone22
a reply to: Riffrafter

It's amazing how a company that produces no actual products can make that much money.

What?

They make phones, web services, watches, operating systems, apps, maps, cloud services, laptops....

The list is endless. How are these not products?

They make laptops?

Yes its called the "chromebook". With a lot of variations. Almost every school has them now. They are made in partnership with samsung, acer, IBM, HP, lenovo and more.
en.wikipedia.org...

If so, with the exception of those, phones and watches they are really in the services business vs the product business...

There is more stuff as well with the google home line and other stuff like that.

Although the sophistry minded among us could say that a service is a product...so to speak.

I would say a service is a product.

Defining Product A product is any good, service, or idea that can be offered to a market to satisfy a want or need.

courses.lumenlearning.com...

And we all paid for their infrastructure great work.

a reply to: FauxMulder

Yes its called the "chromebook". With a lot of variations. Almost every school has them now. They are made in partnership with samsung, acer, IBM, HP, lenovo and more.

My brain must have malfunctioned earlier. I had completely forgotten about the Chromebook line and the Nest thingy.

I'm an Amazon Echo guy...

Politics aside, Google is definitely the company of the century. Remember Yahoo? Ask Jeeves? Excite? Alta Vista? Didn't think so... Google perfected the search engine and perfected web / email advertising. The had the foresight to see the potential of Youtube. Smart phones.

The thing about the internet is that it allows you to be global. There are billions of people who can use a web based product so the revenue potential is ridiculous which is why Google, Facebook, and Apple are doing so well.

Instead of complaining about these companies making money, people need to invest and get in on the game.

a reply to: Edumakated
The problem isn't that these companies make money, but rather how they make it, and keep it...

All three of these companies, along with Amazon have been sued and/or slapped with fines for major privacy violations against billions of people. The data they steal/coerce/collect from users daily is usable and saleable. On top of that they pay a pittance in taxes. I personally don't believe these companies should pay any more than anyone else, but they should be paying the same percentages as the rest of us.

They all believe they are above the law, and so far, the law hasn't done much to prove them wrong.

originally posted by: Edumakated
Politics aside, Google is definitely the company of the century. Remember Yahoo? Ask Jeeves? Excite? Alta Vista? Didn't think so... Google perfected the search engine and perfected web / email advertising. The had the foresight to see the potential of Youtube. Smart phones.

The thing about the internet is that it allows you to be global. There are billions of people who can use a web based product so the revenue potential is ridiculous which is why Google, Facebook, and Apple are doing so well.

Instead of complaining about these companies making money, people need to invest and get in on the game.

Great, where do we start?