So I've now had about 3 seperate people ask me about Google and what I think about Google.Look, people, did we forget so quickly the lessons learned in 1999?
Right now at Google's share price of $420 it has a market cap of $82 billion. That is worth more than Dell Computers, Goldman Sachs, General Dynamic and Target.
It's a freaking web site people.
There's more to Google than just the website.
ReplyDeleteYou have their ad sense program which I’m sure is raking in the dough for them.
Then you have other things they're getting their mitts into - like google earth, gmail, and perhaps they can get into a "Google on-line word processor" that could perhaps render purchasing a license of M$ Word redundant.
You could say the same thing about software back in the 80's - instead of saying "It's a freaking web site people" you could have easily said "It's a freaking floppy disk people".
It doesn't cost as nearly as much to produce a copy of software (e.g.: MS-DOS) as it does to produce a copy of an IBM-clone - and now it costs even less to host a website (great opportunity for a plug: franksemails.com is the best site btw :) than it does to cut a CD, box it and ship it.
Perhaps GoogleOS will be the next step? Bring it on I say!
the marginal cost of providing google services does approach 0.
ReplyDeleteAll true gentlemen, all true.
ReplyDeleteThat don't make it worth more than all of the Target Corporation.
Cpt. C.
Oh yes it does - it makes it worth a hell of a lot more than the likes of Target or Kmart etc.
ReplyDeleteThere's a real reason as to why it's rightfully worth more than department stores - and this was one thing I omitted in my first comment (which I was hoping someone would pick up on) - it's because of, you guessed it:
==PR0N==
pr0n makes the internet world go ‘round – I can safely say that it’s the main reason why ISPs spend gazillions upgrading their network gear to counter for the demand of network traffic generated by people downloading it all the time. Google is a great search engine for searching pr0n, and people (me included) would rather whack off to it than spend any time with my missus in Target choosing pillow cases or lamp shades.
I was, of course, just joking around :)
ReplyDeleteAlthough it is still very true that pr0n does make the internet world go 'round :)
pr0n and easy access to 24-hour online off-shore gambling.
ReplyDeleteand filesharing.
and pr0n.
Does the porn industry even add up to $82 billion in market cap???
ReplyDeleteAnd I would find it ironic if the leftist socialists that head up Google moved the corporation to Ireland to get lower taxes.
Liberals always get me on their hypocrisy on that one.
Google is headed up by leftist socialists?! That's interesting, where did you read that from?
ReplyDeleteThat's just too good - i'm gonna set up some pr0n companies in Ireland methinks :)
ReplyDeletemmmm.... red head pr0n :)
I would have thought the last paragraph (gazillions of dollars, lampshades, pillow cases etc) would have given me away - even i cracked me up when i read that back to myself :)
Yes, but I used the same market cap calculation techniques on the other companies, so to keep it consistent I'd have to stick with $86 billion. Either way, knock each other out buying Google.
ReplyDeleteI bought some NWA!
One must have faith in the Minnesota's socialists!