Perplexity, valued at $18 billion, is offering $34.5 billion to buy Google Chrome.
Source: CNBC
Harvard owns more Bitcoin than Alphabet/Google shares
Source: Documenting Bitcoin
Alphabet reported second-quarter results on Wednesday that beat on revenue and earnings.
The company increased its capital expenditures forecast for 2025 to $85 billion, up $10 billion from February, due to “strong and growing demand for our Cloud products and services.” The company’s overall revenue grew 14% year over year, higher than the 10.9% Wall Street expected. Here are the details ($GOOG Alphabet Q2 FY25): • Revenue +14% Y/Y to $96.B ($2.5B beat). • Operating margin 32% (flat Y/Y). • EPS $2.31 ($0.12 beat). ☁️ Google Cloud: • Revenue +32% Y/Y to $13.6B. • Operating margin 21% (+9pp Y/Y). ▶️ YouTube ads +13% to $9.8B. Source: CNBC, App Economy Insights
YouTube now owns 12.5% of all U.S. TV viewing time - more than any other distributor.
1B+ hours are watched daily on YouTube, surpassing Disney across broadcast, cable, and streaming. No studios. No soundstages. No scripts. Just total living room dominance. $GOOGL Source: Charlie Bilello
$GOOGL SIGNS WORLD’S LARGEST CORPORATE CLEAN ENERGY DEAL
A $3B hydropower agreement with Brookfield to upgrade two Pennsylvania plants, tied to Google’s $25B data center expansion in the state. Source: Shay Boloor @StockSavvyShay
OPENAI STRIKES UNPRECEDENTED CLOUD DEAL WITH $GOOGL -- REDUCES DEPENDENCY ON $MSFT 👀
OpenAI will use Google Cloud to meet its growing compute needs, marking a move to diversify beyond Microsoft. The deal, finalized in May, also ties into its Stargate data center project. – Reuters
Alphabet shares tumble >7% on vibes.
Alphabet could be the next Eastman Kodak. Apple executive Eddy Cue revealed that the iPhone maker is exploring adding AI-powered search to its browser, after search activity in Safari declined for the first time ever in April. Apple is now considering alternatives to Google—including OpenAI, Perplexity, and Anthropic. "Today could mark a historic turning point in sentiment toward Alphabet," says Melius’s Reitzes. Source: HolgerZ, Bloomberg
Alphabet is worth $260 per share according to Barron's ! This is 75% higher than current price ‼️
See below the key takeaways from their article "What an Alphabet Breakup Would Mean for Shareholders 👉 https://lnkd.in/eBx4EZiE As mentioned above, they end up with a "breakup value / sum of the parts" of $260. Even if they take off 50% of the Search value, they end up with $182 per share, or 20% HIGHER than the current price! Here's how they calculated it 👇 ➡️ Google Search: 17x EBITDA for 2025 The valuation would be $1.76T or $143/share. ➡️ YouTube:" 22x EBITDA for 2025 The valuation would be $800B or $65/share. ➡️ Google Cloud: 16x EBITDA for 2025 The valuation would be $320 billion or $26/share. ➡️ Waymo: Valuing Waymo is more complex. Uber is valued at $150B, while Tesla exceeds $1T (as of October 2024) The valuation would be 325B or $26/share. $GOOGL Source: Patient Investor on X
