03/07/2023
...parent company Alphabet is under pressure.
That is because once you take Google’s search engine revenue away, more than half of the group’s $282 billion in annual revenue disappears. Subtract YouTube from the remainder and what's left is essentially a mishmash of loss-making activities.
Google's hardware business—including its Pixel mobile phone, Nest home products and Fitbit wearable devices—doesn’t move the needle, and annual revenue pulled in by its Google Play app store actually decreased, according to its latest 10-K filing.
In September, the company said it would begin shutting down its Stadia video game streaming division, and, to add insult to injury, veteran YouTube boss Susan Wojcicki is stepping down just when TikTok is rapidly growing its audience through a laser-like focus on viral short-form videos.
Extracted from Forture article, Google boss Sundar Pichai says staff are bemoaning office ghost towns—‘not a nice experience’
Story by Christiaan Hetzner 3/7/23