Googling is for the elderly, young people are increasingly starting to search on other platforms
- Google is the Titanic hours before the collision
- The DOJ is probably the least of Google's problems
- Google's core business is already at risk
- People are increasingly getting answers from AI instead of Google search
- Younger generation is using other platforms to search
- The quality of search engine results has started to deteriorate
- As the internet is filled with content that was created by AI
- Google's search traffic may decline over time
- This will have a negative impact on parent Alphabet's profits
- Google's share of the search advertising market will decline in 2025
- For the US market, it will be below 50% for the first time at the end of 2025
- In particular, users are starting to search for products on Amazon
- This gives Amazon billions of dollars from advertisers
- TikTok accounts for less than 4% of such advertising for the US
- TikTok's global search volume is already 3 billion searches/day
- Google is threatened by search engines inside ChatGPT and Perplexity
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Stephanie Turner
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Didi posted her second consecutive quarterly profit
- Didi's profit for last quarter was $128 million
- In the same period a year ago, the company made a loss
- Didi's revenue for the quarter grew 5% to $7.4 billion
- The number of transactions for China was 3.2 billion (+10.6%)
- Revenue from international markets amounted to $401 mln (+20%)
- Didi is particularly active within Brazil and Mexico
- Didi has been selling non-core assets for the last
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The head of Databricks wants to build a business similar to Salesforce
- Databricks' revenue for 2016 was about $1 million
- Revenue for 2025 is projected to be $2.5 billion by now
- Databricks valuation itself could soon be $61+ billion
- The CEO wants Databricks to get a lot bigger
- Databricks' business needs to become like Salesforce's
- Its valuation is already $315 billion, revenue for 2023 was $35 billion
- For now, the Databricks product is available to engin