[izacus]

The Google stock is at record value. Google revenue is at record value. Google profit is at record value.

You seem to be operating on a concept of "good ideas" that are disconnected from what the owners of Google (= stockholders) want.

Google is still performing exceedingly well for what their owners want. Always follow the money.

[aiauthoritydev]

Google's Gemini is not mind-blowing nor probably top model but without a doubt is in the same ballpark as all their competitors. Which I think is a pretty Good sign. Just like Meta, Google did not drop the ball on AI and looks like they had their ears to the ground better than say MSFT, APPLE or AMZN.

In that sense I can see why investors are happy. What matters is if Google can continue to innovate and at a rate faster than competition.

[mminer237]

I know that view is popular, but it seems so short-sighted. Most companies can increase profit whenever they want, but driving out innovators and abusing goodwill never works out long-term. Look at IBM, Oracle, Intel, Boeing, US Steel, GE, Commodore, Quiznos, etc. I feel like the Google's stock holders are just getting the wool pulled over their eyes. An increase in profit often means a cannibalization of value.

[izacus]

People create, join and own corporation to get monetary profit from them. That's it.

Is it broken? Yep. But the solution isn't going to be griping about a company doing what companies are built to do.

[mminer237]

I'm mostly wondering why shareholders go along with it or even pay on premium on shares making a lot of money now that may be comparatively worthless in 20 years. Do they really believe this is sustainable? Do they expect Google to just start issuing massive dividends? Are they just hoping for a greater fool?

[mjburgess]

a monopoly in the ad and search markets will make an apparent genius out of any fool