• FiniteBanjo@feddit.online
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    2 days ago

    Technically they still made more money. They just made less than their projections by about a billion dollars.

    • horsesaysweird@feddit.org
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      1 day ago

      Yeah, they made double-digit profits. They have been swimming in money for decades and their cash ocean is still getting bigger at an insane rate.

      Revenue, however, rose 25% to an enormous $127.6bn. The figure was slightly below the roughly $128bn analysts had forecast.

      Advertising revenue grew 11% to $82bn, short of expectations. Revenue from Google’s search business, still the company’s largest source of income, rose 12% to $63.4bn, slowing from 17% growth in the previous quarter.

      • mad_lentil@lemmy.ca
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        1 day ago

        Jesus, and that’s just from selling user data and ad placements? Yeah they are never willingly moving away from that business. Investors wouldn’t let them.

        Thanks for posting the snip.

        • boonhet@sopuli.xyz
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          1 day ago

          Jesus, and that’s just from selling user data

          Technically no, at least not to other companies, that would be the dumbest thing for them to do

          and ad placements?

          Yeah, that’s the one.

          Companies like Google and Meta prefer not selling your data because… why feed their own competition? Their product is access to the ad network which has profiles on everyone. If they sell that data to competitors, the competitors can build a good ad network too (though the space it can sell isn’t necessarily as premium of course).

          They all will sell or even just share your data to some three letter government agencies though. Because those aren’t competition.

          • mad_lentil@lemmy.ca
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            12 hours ago

            Right I’m oversimplifying—they sell their own programmatic “insights” on user data to let advertisers more creepily target and manipulate people.

        • horsesaysweird@feddit.org
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          1 day ago

          And users will never willingly move away either, so we’re stuck with them getting bigger and bigger until the system collapses.

          • mad_lentil@lemmy.ca
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            1 day ago

            I mean some will but I get what you mean. Many people will just never pay the opportunity cost to divest themselves, no matter how far Google falls.

            Aside: this is what people like us are good for. You’d better believe that everyone I know well knows that they can come to me if they ever want help degoogling, decorporatising, or otherwise exorcising their tech. Sometimes they even do.

              • mad_lentil@lemmy.ca
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                12 hours ago

                I don’t know what that is, so I don’t know what you mean. I just use CoMaps. It doesn’t have every business by name, but then I’ll just look up their address online.

                • FiniteBanjo@feddit.online
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                  2 hours ago

                  So new model car consoles have a touch screen in them and it can show you the route on google maps if you connect your phone via “Android Auto”. The Android Auto works to a limited extent with GrapheneOS and CalyxOS (TBH idk if Calyx are still around even) but it’s getting worse with recent updates requiring you to enable their AI Assistant Agent to use it at all, and it has always require specifically Google Maps to work.

                  • mad_lentil@lemmy.ca
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                    2 hours ago

                    Ugh that fills me with dread. I don’t use any gadgets or screens while driving. I just plan my route before I start driving and pull over if I really get lost. I suppose at some point I’ll need to put up with a screen just to access basic functionality. :/

                    But anyway, I don’t drive much so my way works for me. I imagine if you’re like cabbing people around, or driving weird places, it would be an issue.

    • mojofrododojo@lemmy.world
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      1 day ago

      lol they’re trying to undercut their entire profit model by spending billions on something nobody wants (well, the slop boys, but they’re never going to be able fund it by themselves) - groogle needs everyone on board and that’s never gonna happen. meanwhile it’s costing them dearly