No, but i think you do have a point. Googles board and company execs had convinced themselves they’re an untouchable money printing machine. This year, they’ve been violently woken up.

They have tens of thousands of top engineers, billions in the bank, half a dozen products used by over a billion people and their main product is ads for people who use the internet. Companies always face existential threats but as far as moats go, Google has one a mile wide. Their downfall will be slow and obvious and even after their decline in cultural relevance they’ll still churn out billions of dollars a year.

Like AOL and MySpace?

No, like Exxon and IBM.