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A comment on Alphabet's earnings miss profit estimates as spending grows. Parent comment
American advertising revenues will rise from 1% of GDP today, to as much as 1.8% of GDP by 2027—a massive jump. Since 1980 the average has been 1.3%
So here we are at 1%.. and the historical average is 1.3%... Can you be in a bubble, if it's currently below the historical average?
If anything, I would say this is evidence that we are NOT in a bubble.
The rest of that article is just speculation, based on growth that we may or may not see.
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American advertising revenues will rise from 1% of GDP today, to as much as 1.8% of GDP by 2027—a massive jump. Since 1980 the average has been 1.3%
So here we are at 1%.. and the historical average is 1.3%... Can you be in a bubble, if it's currently below the historical average?
If anything, I would say this is evidence that we are NOT in a bubble.
The rest of that article is just speculation, based on growth that we may or may not see.