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by sokoloff
1096 days ago
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Are you measuring utility to people who were searching or watching YouTube in 2013 and 2023? Or measuring the utility to advertisers on Google’s platforms in 2023 and projected into 2033, many of whom weren’t using Google ads in 2013. Google didn’t give me individually a ton more utility (arguably less in search), but I think it did give their actual customers (advertisers) a ton more utility in aggregate. |
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The stock price I'd not a reflection of utility. Its a reflection of future profit.
As a user, you are not Google's customer. Their customer is the advertiser, and the utility to them is just fine. Advertising on Google and Facebook delivers measurable returns, and if that measure is positive then people continue to do it.