this post was submitted on 13 Jun 2024
608 points (96.6% liked)
Technology
59341 readers
6343 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I mean, yeah. It did so for years.
Yes right. But what does the investor environment look like today? Profit, not users, is what everyone is counting. If Google says “we’re burning cash in all businesses but search, but hey we’re nice”, investors will take their investments to more profitable businesses.
They actually have a pretty huge net profit margin and what basically amounts to a monopoly on advertisement, so even if their ads reached less intended targets it wouldn't hurt their bottom line much.
Didn’t you know? It’s doesn’t matter that they’re still making billions more than they ever made, numbers have to go higher.
This makes me puke.