Yes right. But what does the investor environment look like today? Profit, not users, is what everyone is counting. If Google says “we’re burning cash in all businesses but search, but hey we’re nice”, investors will take their investments to more profitable businesses.
They actually have a pretty huge net profit margin and what basically amounts to a monopoly on advertisement, so even if their ads reached less intended targets it wouldn’t hurt their bottom line much.
Yes right. But what does the investor environment look like today? Profit, not users, is what everyone is counting. If Google says “we’re burning cash in all businesses but search, but hey we’re nice”, investors will take their investments to more profitable businesses.
They actually have a pretty huge net profit margin and what basically amounts to a monopoly on advertisement, so even if their ads reached less intended targets it wouldn’t hurt their bottom line much.