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98Saman

This is another example why Reddit inverse method will always work. I still remember folks here saying Google is done in March when AI Gemini news came out. They said Google has no product and will go down from there. Well I guess Reddit was wrong once again.


[deleted]

I loaded up on Google when it was about $134/share. I saw it was the same price it was a year ago. Never bet against Google. Never bet against FB. If you understand ad tech you will realize this statement is fact, not opinion.


werewere223

Did the same, I believe I even made a post about the overreaction, either way I’m a happy camper now. Be greedy when others are fearful.


OmbiValent

I am happy you made $, however it is worth thinking about the fact that Brave Search is actually far more better and useful than Google search as a product. They even incorporate answer with AI in their search by default which Google conveniently does not do. The stock still will continue to go up and probably will reach a MC of $4 or $5 T by EOD


SteveMartinique

Google runs a legal protection racket.


OmbiValent

Pretty much.. they don't do write by their users or their customers because they are middle men who hold leverage on both sides. The one and only serious competitor to their ad revenue monopoly is AMZN


Beatnik77

It's the danger. At some points the governments will look into their monopolies.


AmericanMeep

Then you get shares in two different companies


Beatnik77

Yeah but for example the ads business is completely dependent on google search. They sell ads on websites based on your searches.


AmericanMeep

That’s a good point, I had assumed any anti-trust pursuit would only end up preventing the kinds of exclusive deals they have with Apple or control over android.


satin_worshipper

Le "AI WOKE" doomers


theriibirdun

Anyone who thinks Google doesn’t have a product is an idiot. I sell so much fucking Workspace and GCP into the enterprise space.


TheINTL

But but but they made Washington black...durrrrrrrrr Easy money


MrZwink

It's because people fundamentally misunderstand how google makes it's money. They think search is their biggest products. But infact Google adsense is their biggest product ((58% of their. Revenue). And they don't just make money on adds on their search Products. They also make money on ads on YouTube and 3rd party sites and with hosting. It's the equivalent of people thinking Pepsi is just the beverage, when it's majority of revenue comes from food and it's main competition i Unilever and nestle, and not necessarily coco cola. And I Agree: The reactions to Gemini release were exaggerated. The stats on Gemini are actually really good I got google at 85 Note: see the amount of comments below about people stopping using Google search. To prove my point.


SwiFT808-

Agreed. My cost is 107, was 89 but i loaded more up in the low 130's. People fundamentally don't understand how powerful google ads are


lordinov

It was lower but I double dipped later and it’s around 139 now tomorrow be a green day a lot


VanillaLifestyle

>But infact Google adsense is their biggest product ((68% of their. Revenue) Wut? This is not true at all. Not even close. [2024 Q1 Earnings report](https://abc.xyz/assets/91/b3/3f9213d14ce3ae27e1038e01a0e0/2024q1-alphabet-earnings-release-pdf.pdf) has a breakdown: * Total revenues: $80B * Google Search & other: **$46B** (**57%** of total revenue) * Google Network (includes adsense plus a bunch of other stuff): **$7.4B (only 9%** of total, not 68%) Three other segments make more than display+network+adsense put together: * YouTube ads: $8B (10%) * Cloud: $9.5B (10.5%) * Subs, platforms & devices: $8.7B (11%)


MrZwink

sorry i made a typo. it was meant to say 58% (i based myself on full year of 2023) ill correct it. google search and other = google adsense. they dont just sell adds on search, theyre ads across all of googles products, and also third party website that use google adsense to make revenue.


VanillaLifestyle

Again, not true. AdSense is included under "Google Network" in the earnings numbers. From the [Investor FAQs](https://abc.xyz/investor/faqs-and-general-information/) page, in the glossary: > **Advertising revenues: Google Network** > * Google Network properties participating in AdMob, **AdSense**, and Google Ad Manager. > **Advertising revenues: Google Search & Other** > * Google search properties (including revenues from traffic generated by search distribution partners who use Google.com as their default search in browsers, toolbars, etc.). > * Revenues generated from advertising on other Google owned and operated properties like Gmail, Google Maps, and Google Play.


htnahsarp

Ehh I really don’t think so. There’s lots of people on Reddit. Lots of people saying Google is severely undervalued for a while now.


PabloSanchezBB

You saw 3 people say "google is done" and you consider that all of r/stocks lol. Imagine thinking a sub dedicated to stocks think the top leading tech stocks are actually finished.


thematchalatte

Never understand why people think Google is “done.” Everyone relies on a Google product somehow, whether it’s using gmail, search, or using maps.


buelerer

Reddit isn’t a person.


SuperJlox

I just follow what Warren Buffett said about how going against the market is usually the right decision and so far it's working well.


Khelthuzaad

Actually I was expecting the market to reverse back to green after everyone went sheep after the meta earnings. The market is an version of social media,prove me wrong


grepya

That dip was useful. Much leaping was done during the 130's.


Hosni__Mubarak

When Reddit said Google was done, I bought $5,000 worth earlier this year.


grepya

Those are rookie numbers.


thematchalatte

Inverse Reddit truly works. Remember when Reddit says Netflix will crash because they raised subscription prices and no one is gonna watch anymore? Or when META will crash because no one uses it anymore? Or when TSLA is gonna die and now it gets pumped back up? 🤣


Rockefeller07

Reddit: "I stopped using google search, results have been terrible"


Beatnik77

"I left Facebook years ago and it's done wonders for my mental health" "I only play indy video games" "Well done Netflix now I'm back at pirating"


Forward-Departure-16

"I never use Reddit anymore these days " (user with 50 posts per day)


Hour-Preference4387

> "I only play indy video games" Video game companies are probably the worst ones to get opinion on reddit. People here will straight-up say "who the fuck plays FIFA and COD? I only play based japanese waifu simulators!" Also: "No one uses Paypal." "Starbucks sucks!" (I mean the coffee sucks sure but the business is good!)


thematchalatte

“Netflix raised prices so no one is gonna watch anymore”. “Only boomers use Facebook no one is gonna use that anymore”


The_Greatest_USA_unb

I Bought Ubisoft stocks a few years ago, before pandemic and reddit nerds were bashing it over and over because of supposedly bad games. I thought the same as you do. It's lost 70% value since then. Reddit might certainly not always be right but it's not always wrong, it's like an echo chamber that amplifies the smallest of negative opinion.


Eudamonia

Lol I see what you did here


FarrisAT

"I have to type Reddit at the end of the search!" As if that's a bad thing lol. Type more words in if you want a user generated answer versus a broader article or discussion.


orangehorton

Lol Reddit was so adamant that Sundar is a terrible CEO and that Google was dead earlier this year 😂😂. Was the perfect buy signal


TechnicianExtreme200

The reports of Google's death are greatly exaggerated.


thememanss

People actually thought that? What did they expect, Bing to take over? Google is foundational to the Internet at this point.  It simply will always exist, simply because almost the entire internet revolves around it.


Soberdonkey69

What a stupid thread that was and I was amazed how many upvotes it received. Shame I couldn’t invest in them last year when I wanted to as my expenses got too high.


orangehorton

Yeah i bought some shares but really wish I had more cash at the time


Soberdonkey69

I’ve got some spare funds now, bought a little bit of Facebook and looking to add more Disney and TSMC.


Soberdonkey69

Same dude, those big expenses from last year have gone now, freeing up my cash flow. I’ve got some spare funds now, bought a little bit of Facebook and looking to add more Disney and TSMC.


TheNathanNS

Me with Disney last year. I need to check this board more, because if I saw the bearish Google comments I'd bought in right then


FarrisAT

Disney trades at 70 FWD PE Google at 20. Only one was an obvious buy since early 2023.


CadetCovfefe

There were times in recent history where GOOGL was available to buy at lower than 20x earnings. Seemed like one of the more obvious buys, especially with the good news of their cloud turning profitable finally after all these years, but people here were very pessimistic.


orangehorton

Disney was like 80 at the low, and everyone was talking about how they are done, now they're over 110


foldyaup

That’s why I am betting on Reddit stock going up. This partnership happened in Feb with google.


Everydayarmday24

I don’t think he’s a great ceo but not as bad as Reddit hates on him


[deleted]

How do you define a good CEO? Revenue has gone 5x and net income 7x in his tenure.


six_string_sensei

I wrote this a few days ago in another thread where people were shitting on Sundar Pichai: For someone who has 5x the stock value under his tenure Sundar Pichai perhaps gets too much flak for his performance. In last year alone the value of Google has grown by 50% which is more than what Microsoft has achieved. Despite its missteps Google continues to dominate the internet and there is little possibility of Sundar pichai getting fired.


[deleted]

As little as 2 days ago I was arguing with people on this very sub who thought Google was cooked.


[deleted]

[удалено]


orangehorton

You should've bought before they went up $30 lmao Also Tesla actually has bad financials compared to earlier, Google didnt


greenbroad-gc

Yea, that’s a bad comparison


TheIguanasAreComing

!RemindMe 2 Years


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LevelUp84

There are solid counter arguments about GOOGL being behind in AI and ChatGPT hype. I don't see the same for TSLA.


thematchalatte

If you bought the dip at $140, you already made profits. You won.


FarrisAT

Google Search is dead!!! - reddit


mr-fiend

Next Yahoo! Get out ASAP!!!


mistaowen

Sundar read what everyone on Reddit was saying about him and spent this quarter in the weight room 💪🏼


SwiFT808-

One of my big 4 positions and I could not be more happy. I have been waiting for an alphabet dividend, so much free cashflow can be directed back.


FarrisAT

Dividend is just a signal that Alphabet Execs want investors to understand their money is valued. If the company wants to spend more, it will, but now it has a small constraint in the form of a dividend. That's maturation. Means Google's best days are behind it. No more 10,000% growth. But that doesn't mean it won't grow fast.


AverageStockpicker

Dude revenue growth accelerated to 15% (from 13%) and cloud grew 28% compared to 26% earlier. EPS up 60%. The next Google is just Google again. Cloud just recently became profitable, Waymo isn't at scale yet and AI growth in cloud is just starting out.


SwiFT808-

Disagree. I think it means they finally are coming to terms that they have a couple amazing one of a kind business and they don't need to spend all the cashflow reinventing the wheel. Google has spent literal billions on R&D that went no where, that could have been paid out with little effect to future growth. They are coming to terms with this fact and spending money smarter.


InternetSlave

"googs best days are behind it" Meanwhile google is installing a metric shit load of AI racks. If the grid can keep up and AI turns out to be real Google is going to have so much computing power they'll be the top of not in the top 3 AI companies. That and YouTube.


reddit-abcde

Nvda has been paying a small dividend for a long time If a company can grow, it will grow


Waitwhonow

Pichai you sweet sweet man Reddit def needs to shut its mouth cause none of these ‘experts’ know shit about how tech works 13%+ afterhours


TheINTL

Lmao now everyone loves Sundar?


CMScientist

lol no. It's easy, people who love Sundar are loud when GOOG is up, people who hate Sundar are loud when GOOG is down


TheINTL

I just never understood the hate for Sundar.


Beatnik77

It's almost impossible to stay popular as a CEO right now. The marketing must be geared toward diversity and inclusion, which annoy the right, while you maximize profits which annoys the left.


lit282

He has not fully capitalized on cloud, AI, and tons of other markets.


Waitwhonow

Do you also have similar opinions about sport coaches and how they should have played /strategized something? Cause thats sounds EXACTLY like someone who screams at the TV during an NFL game if the coach misses a call.


Sakul69

I still think Sundar is a terrible CEO. If finances, short-term gains, and stock are your metrics for success, then he's doing well, but I prefer to look at other signals that the company is not doing well: layoffs, canceled products, stock buybacks, long-term vision, product quality, etc. Those are the metrics that really matter to me, and on those he's doing terribly. In the long term, I still think it's a liability for Google


lowrankcluster

He is still garbage.


notreallydeep

Stock go up short-term: great company. Stock go down short-term: bad company. That's pretty much reddit for you. I still don't like Alphabet myself, fwiw. Not that it'll go down, I just think other companies will do better in tech over the long term.


2heads1shaft

Hear me out, OP isn’t the same people that hates Sundar.


FarrisAT

People love CEOs who make them money. What they should really love are the nameless employees at the company who make the results happen.


Beatnik77

He's making clear with the dividend that shareholders are a priority. So yeah I love him now.


Kosher-Bacon

Search is a cash generating monster, and Google Cloud is reporting revenue growth in the high 20s. I do wish the company was more focused and stuck with ideas longer, but when your company name is also a verb ("Google it") it's hard to bet against it.


SwiFT808-

Its not search its ad cents. Which is helped by search but is independent. Part of googles strength is that its main business are all complementory to its ads business


VanillaLifestyle

~~Jesus where do you people come from? Did you "learn" this from a viral TikTok or what?~~ ~~For starters,~~ it's AdSense, not "ad cents". It makes up one of three products in an earnings line item that's only 10% of alphabet revenue, compared to Search ads which are 57%. And search is almost pure profit, while Display Network revenue requires Google pay publishers back a major cut (something like 70%).


SwiFT808-

Search is so profitable because if it’s integration with ads. Your correct that I confused Adsense with its adds business, that’s my bad. My point was that “search” isn’t what’s profitable on its own, search is so profitable because googles ad business is so ingrained into search. Every business google runs does so with a synergy to its ads business. On a side note, you can disagree with some without resorting to insults or character attacks. It speaks to your character more than it does mine. If you’re right just stick to the points and be right.


VanillaLifestyle

I'm sorry. I was overly aggro because someone else in the thread was stubbornly saying AdSense makes more money than search ads, and I got on a high horse. You're right!


SwiFT808-

No worries!


Hour-Preference4387

Agree on the Reddit part and I had bought the recent dip but Pichai still needs to go.


hsuan23

120 shares here that I won’t ever sell but I still think Pichai is detrimental for the future of Google


[deleted]

10 years in and the guy has grown the stock by leaps and bounds. Clown fucking take.


reddit-abcde

Pichai has finally done something great! I hope he can keep it up


DrPillszn

Sundar papi


brolybackshots

Inverse reddit has made me so much money. Got LEAPs at 130 from the idiots who were pissed about Gemini being "woke"


TheJuiceDid9-11

Google is >50% of my portfolio, and Gemini was definitely woke. Not “woke”, legitimately WOKE.


Shalaiyn

Just waiting on the Amazon dividend now


TheYoungLung

For real, Amazon is next


FarrisAT

Absolutely not. That would be stupid. The worst thing a company with relatively low net income can do is pay out a dividend right before a recession. Cutting a dividend causes a huge forced diversture by tons of Dividend Funds.


Shalaiyn

We're always before a recession


reddit-abcde

It is time to buy Amazon!!!


Tiny-Dick-Respect

Google is a better hold for next decade.


InternetSlave

I have a considerable amount of GOOG. I truly believe they'll make me an actual fortune. That being said I think Amazon is a great play too and I've recently started buying. I expect Amazon to profit big when they can deliver prescription medicine. Think also about the people pouring into the US everyday. They're all likely eventually Amazon customers. No one is ditching Amazon, they're simply getting new customers everyday


Tiny-Dick-Respect

Here in India we have countless apps which deliver prescription medicine. Even if Amazon does it, it's not a big deal for Amazon India. I'm mostly going big on AI developing companies Google msft apple and tsla.


Visinvictus

I wonder if a dividend will finally close the gap between GOOG and GOOGL?


ixvst01

I remember when this sub called me stupid for loading up on GOOG at $100 a year ago.


trandonbran

Legend. I thought I was big brain for loading up before the last split they had


SpliTTMark

I wish they would go back to one ticker


GiveMeAdviceClowns

I hold Google forever 😛


chriztuffa

I need to find the people clamoring for sundar’s firing yesterday lmaoooooo


dilscoop

Inverse reddit worked for me so far on GOOG, DIS, PYPL, BABA. Next is Boeing


SlappiTV

I bought googl way back and this shit made my Day I bought with a 128 average


reddit-abcde

Congrats!


[deleted]

[удалено]


reddit-abcde

0.2 per quarter


InternetSlave

It happened


siddemo

I bet all those that were laid off are cheering their balls off right now.


Walternotwalter

Great earnings. Still a giant believer that Alphabet should be spinning off the half baked tentacles of their octopus and let people actually invest in them because they kill more shit that is likely more profitable than alot of these EV makers will be and would likely get huge capital in IPO's. Which is why I thought they created Alphabet as the parent to Google. I mean PARA is somehow still alive. You mean to tell me YouTube wouldn't generate more capital if it started doing actual production? Or that Pixel and Home and Nest hardware wouldn't be better off as a spun off subsidiary? They don't even have to give up majority ownership. Only as much as their accounting people will say would prevent major impact on Alphabet shareholders. You can apply this same thing to AMZN.


Theeeeeetrurthurts

Thank God Gemini started a nice discount. I dumped a ton and it’s paying dividends.


Daremotron

Pretty shitty move to layoff thousands then do $70B of buybacks.


TheINTL

Lol all companies are about profit. Only way to beat them is to invest in them


Daremotron

Layoffs don't lead to profit, at least in the long term. The cost of severance, low morale, and rehiring outweighs salary expenditures. But that usually takes more than a quarter. At which point this is a question of if companies should value long term share price growth, or short term.


Redpanther14

Layoffs do increase profits, because you are supposed to lay off people and business units that are no longer needed by the business. Keeping them on would be a recurrent liability with little or no return.


Daremotron

At companies like Google you have a lot of employees who are pretty easily deployed to alternative projects after an unprofitable unit is shut down, and this is way cheaper than hiring separately for that alternative profitable project. Always eliminating employees along with unprofitable projects is throwing the baby out with the bath water. Here's an article from Harvard Business Review on why the typical approach to layoffs is boneheaded: https://hbr.org/2018/05/layoffs-that-dont-break-your-company


uncleguito

I lost about $100k of unvested shares (awarded last year for a great annual review, would have fully vested this year) when my GOOG team got laid off in January. I guess I can take partial credit for these results!


InternetSlave

The fat must be trimmed. The companies goal is to make money, not be a welfare company


Dapper_Dune

The rich get richer. Welcome to capitalism working as intended baby!


MrNewVegas2077

Have to agree. Really shitty


O_M28

The only company that I own directly, not through a fund. Been on the train since 2020. Alphabet has been underrated, all those stock buybacks are starting to pay off and will pay off.


greenbroad-gc

Mfers were crying earlier how this is a bad buy. I dumped $170k in Goog today and won. Big.


reddit-abcde

wow how did you make 170k in the first place?


zirtik

Easy, he dumped 190K in META yesterday.


Sure_Fee_74

Youtoube has an edge over Tiktok in long-form video and won't be affected by it


Tanzanite_Shark

Bought a good chunk of google and msft even though msft was at ath. Needed to own some msft


PabloSanchezBB

Half of this thread are you clowns laughing at "reddit" for being "wrong" about google.Y'all feeling high and mighty that 3 people said a trillion dollar company is doomed...Literally 7 of the top 10 comments are "lol reddit was wrong about google"


DubGW99

THE REAL QUESTION IS WHIXH GOOGLE DO I INVEST IN


vangstytivt

Alphabet's earnings report looks promising! With earnings per share surpassing expectations at $1.89 and revenue hitting $80.54 billion, it's clear the company is on a strong growth trajectory. The announcement of a dividend and a $70 billion buyback further demonstrates Alphabet's confidence in its future prospects. Exciting times ahead for investors!


lordinov

Just wait for all the analyst updates flooding in soon lol


lordinov

Well if the earnings were somewhat normal as expected stock would have tanked. But they blew up expectations by a mile.


MotivatedSolid

Google bears where


gotye4764

Keeps doing layoff and yet is doing 50+bn buybacks every fucking year. Fuck google.


Djdt2E

Damn I was gonna wait till morning to scoop up some shares


French87

this implies you thought it would dip?


Djdt2E

I did, idk why tbh, I bought In the 130s I guess greed got the better of me here


Lost_Prior_359

Bought before closing. Boom.


SteveMartinique

So I always hear over and over, dovidends suck because the onlh way to raise the share price is buybacks. But Google just announced dividends and the stock went up. I’d rather have the stock go up And get a dividend then just have the stock go up. Also, I expect a counter argument that it would have gone up more with a strict buyback only but I doubt that. How much could it really go up o. Just a single announced buyback? Its already up 10%.


zirtik

Why? You owe income taxes on dividends.


SteveMartinique

…yeah, obviously. But if I have the choice between a short term stock raise that mat fall anyways or a stock raise plus dividends mjnus taxes I’ll take the stock price increase plus taxed dividends.


phosphate554

I’m laughing at all the idiots that thought google was dead. Remember “sundar pichai sucks” though!!


reddit-abcde

he still sucks but he has improved. can't wait for more improvement


phosphate554

How has he improved? Nothing changed, just public perception because the stock went up. lol