The problem with stocks like it and Facebook etc is that I remember MySpace (And some of the other search engines....) and how quick they can implode w/o radical repositioning or on a change in taste/technology... And dont forget department stores, The Great Atlantic & Pacific Tea Company, Kmart etc... But I concede, the data Google, Facebook etc have already collected will still be valuable even if people stop using their offerings...
Google has a market share of 92.6% in the search engine business.
I am not a shareholder of Google myself because of their size and valuation concerns, but the fundamentals of the company look great in my opinion.
I thought it was down to 70% for ads though? Their search engine is increasingly and hopeless broken and full of garbage and ads for anything but the most specific of searches + they are abusive towards content creators (better to use other ad networks) - see https://emergingmarketskeptic.substack.com/p/how-google-ruined-financial-writing-chapgpt-ai
The problem with stocks like it and Facebook etc is that I remember MySpace (And some of the other search engines....) and how quick they can implode w/o radical repositioning or on a change in taste/technology... And dont forget department stores, The Great Atlantic & Pacific Tea Company, Kmart etc... But I concede, the data Google, Facebook etc have already collected will still be valuable even if people stop using their offerings...