News for hackers. Stuff that matters.
Re:Google Earning Q1 2024 [pdf] by tech_buddha on Thursday April 25, 2024 @04:33PM (#40162644)
The layoffs and dividend are related -- the company's death rattle has been shaking a while now. Management is desperate to retain the confidence of the investor class.
Re:Google Earning Q1 2024 [pdf] by StressedDev on Thursday April 25, 2024 @05:22PM (#40163193)
I think most companies would love to being "dying" like Google "is". Seriously, Google is not dying and making obviously false claims is not helpful.
Re:Google Earning Q1 2024 [pdf] by wnc3141 on Thursday April 25, 2024 @07:52PM (#40164444)
I could give more credibility to an argument for "stagnating" over "dying". A lot of mature companies are still hugely profitable.
Re:Google Earning Q1 2024 [pdf] by tech_buddha on Thursday April 25, 2024 @07:41PM (#40164387)
Speaking as a shareholder here, a 2 trillion dollar valuation warrants extraordinary justification. Past performance is no guarantee of future results. As the AI models get better and better at compressing the world's information, people will be going directly to their model of choice
Re:Google Earning Q1 2024 [pdf] by nl on Thursday April 25, 2024 @08:27PM (#40164661)
> a 2 trillion dollar valuation warrants extraordinary justification

$320B annual revenue, 15% growth, $0.20 per share dividend and $70B share buyback.

Enough said.

Re:Google Earning Q1 2024 [pdf] by zztop44 on Thursday April 25, 2024 @08:56PM (#40164826)
And it’s very likely that for 90% of people their model of choice will be at the other end of the Google/Chrome search box
Re:Google Earning Q1 2024 [pdf] by alphabetting on Thursday April 25, 2024 @04:53PM (#40162874)
> death rattle

Stock up 16% after hours.

Re:Google Earning Q1 2024 [pdf] by kernal on Friday April 26, 2024 @01:57AM (#40166313)
It is a death rattle. For the short sellers, that is.
Re:Google Earning Q1 2024 [pdf] by NtochkaNzvanova on Thursday April 25, 2024 @05:25PM (#40163236)
Top 5 most valuable company on earth

Massive YoY growth

Massive cash horde, buybacks, dividends

Target of endless legal actions due to market dominance

"death rattle"

Re:Google Earning Q1 2024 [pdf] by kernal on Friday April 26, 2024 @02:00AM (#40166322)
TIL.Death Rattle is slang for Extremely Successful.