What does Google’s recent earnings fail and stock dip mean to you? Not much. It means I’m making a “killing” in the fantasy stock market speculating.
The magnitude of these things is often overemphasized. The low numbers don’t mark a slowdown for google. They mark a shift as Google evolves its’ business model.
The world is going mobile and tech companies are having to evolve their revenue stream to make money online.
For most of its’ history Google has made its’ money on ads. That business is naturally slowing as desktop use slows, but their mobile revenue has quadrupled and that’s a great sign.
Their Google Play store is gaining momentum. Google Plus has reached 250 million users in less than a year.
The self- driving car is less than two years from completion. Google Glass comes to consumers very soon.
The latest chromebook (came out yesterday) is cheap, light, and fast which will surely sell pretty well.
My point? Times are a-changin’ and with their tremendously diverse growth, Google has a bright future to look forward to. Am I right?Why Google's Poor Earnings Don't Matter by Michael Sitver