• knightry@lemmy.world
    link
    fedilink
    English
    arrow-up
    21
    arrow-down
    1
    ·
    1 year ago

    In general, i agree with your post, but GOOG is up ~ 30% in the last 6 months. Specific parts of Google may be dwindling but their overall business is thriving right now.

    • SJ_Zero@lemmy.fbxl.net
      link
      fedilink
      English
      arrow-up
      18
      ·
      1 year ago

      The stock is not the company, that’s important to remember. The PE ratios for tech companies are totally out of whack compared to basically any other company.

      Google stock is doing ok in part because they have Bard which means they’re participating in the AI boom. I think that’s going to turn out to be mostly hot air, but in the meantime it’s helping a small number of companies stay afloat