One of many greatest tales within the markets thus far this 12 months is the $100 billion in misplaced market cap ripped out of Alphabet’s inventory when it turned obvious that the search big was going to be below siege by Microsoft’s push into AI. How did such a profitable, revolutionary enterprise like this abruptly discover itself on this place? Possibly it wasn’t so sudden. Maybe what ails Alphabet was a very long time coming and the ChatGPT vs Google Search headlines have been simply the catalyst to unleash all this doubt among the many investing public.
The inventory market is closed at the moment so I’m directing your consideration to this lengthy however worthwhile publish by an ex-employee of the corporate who sheds some gentle on what’s unsuitable internally and the way issues acquired that means.
I joined Google simply earlier than the pandemic when the corporate I had co-founded, AppSheet, was acquired by Google Cloud. The buying workforce and executives welcomed us and handled us nicely. We joined with nice enthusiasm and dedication to combine AppSheet into Google and make it a hit. But, now on the expiry of my three 12 months obligatory retention interval, I’ve left Google understanding how a once-great firm has slowly ceased to operate.
Hold studying:
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