You buy any of this?
I think youtube is holding them up. I also think Youtube’s numbers are going the wrong direction. The content moderation has resulted in unwatchable bilge crammed full of commercial interruptions.
You squeeze mud, it escapes through the gaps in your bony fingers.
Nobody trusts them anymore, and when you lose trust, you lose revenue.
I remember buy ratings on Countrywide right up to the last week they were in existence.
People talk like this? I bet he wants to be a weatherman as financial guys always seem to be weathervanes.
FTA: we discuss why Google has been relatively consistent with its OpEx spending over time. Moreover, its OpEx margins have also been trending down, unlike Meta Platforms. Notwithstanding, Google needs to reaccelerate its top line growth to justify a material re-rating. We discuss why the market has likely reflected significant uncertainties in its execution due to substantial macro and competitive headwinds.