Let’s pause a moment and just appreciate how much money Alphabet actually make net (after expenses). $73,795,000,000 last year - higher than the GDP of entire nations, in profit.
The “bad” year, 2022 that drove all this change, they only made $59,972,000,000 net. Oh how terrible (!)
5 years ago, they made $34,343,000,000 net, so they’ve more than doubled profits.
Take a moment to appreciate that, and really consider if they “need” the money.
And as we know companies prefer to provide a service with a loss, for decades. Name a company that can make -31.5 billion and keep going.
Or maybe the data went to google, where they made the money.
Yeah, unfortunately I couldn’t find revenue numbers. It seems unlikely to be costing that much to host. I’d be really surprised to learn it isn’t cash positive at this point.
https://www.statista.com/statistics/513049/alphabet-annual-global-income/
Let’s pause a moment and just appreciate how much money Alphabet actually make net (after expenses). $73,795,000,000 last year - higher than the GDP of entire nations, in profit.
The “bad” year, 2022 that drove all this change, they only made $59,972,000,000 net. Oh how terrible (!)
5 years ago, they made $34,343,000,000 net, so they’ve more than doubled profits.
Take a moment to appreciate that, and really consider if they “need” the money.
Shareholders: you doubled your profit last year, so I expect you to do it again this year.
And kill the entire planet in the process if you need to.
*we expect you to do better than that
There, fify
Pretty much. Capitalism is completely unsustainable.
That’s the whole company. How much did YouTube lose for them?
YouTube lost google -31.5 billion in 2023, approximately 10% of all of alphabet’s revenue.
I was genuinely confused by this statistic until I realised it was a double negative. YouTube losen’t Google a lot of money.
Yeah, sorry, sometimes I can’t help my need to play with language, when given the slightest chance.
And as we know companies prefer to provide a service with a loss, for decades. Name a company that can make -31.5 billion and keep going. Or maybe the data went to google, where they made the money.
Not made -31.5 billion. Lost -31.5 billion. As in they brought in that much, not cost it.
Revenue is not profit
Yeah, unfortunately I couldn’t find revenue numbers. It seems unlikely to be costing that much to host. I’d be really surprised to learn it isn’t cash positive at this point.
Best I could find is the entire division makes about 35% profit and you’d have to assume some of that was YouTube