YouTube disallowing adblockers, Reddit charging for API usage, Twitter blocking non-registered users. These events happen almost at the same time. Is this one of the effects of the tech bubble burst?

  • zos_kia@lemmy.fmhy.ml
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    1 year ago

    Well i don’t know about that. They still generate 15B$ in profit every quarter. Sure they’re losing some growth, but even amid a historic advertising budget bust they are still beating expectations.

    When i mentioned their monopolistic position i was talking more specifically about Youtube, but anyway buying and killing off products is standard operating procedure for a company this size on a market this mature. There’s nothing alarming about Google’s health.

    • BelEnd@lemmy.world
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      1 year ago

      99% of their profit comes from their search engine ad revenue though. Google has only ever had one truly profitable product and the advent of chatgpt, driven by their only true rival in Microsoft, has them scared shitless. They are way behind in the AI department and it’s the only thing out their that fundamentally threatens Googles goose with the golden eggs: their search engine.

      • zos_kia@lemmy.fmhy.ml
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        1 year ago

        I mean when you’re at that level of profit you’re not “scared shitless” of much. Sure they have some risk around AI but i think a global ad market collapse is higher in their list of stuff to be worried about.

        Coming back around to the original subject, they are publicly traded anyway so the VC market is not their problem.