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Tech Brew Ride Home

Wed. 02/02 – YouTube Bigger Than Netflix?

Tech Brew Ride Home

Amalgamated Internets, LLC

Tech News, Technology, News

4.71K Ratings

🗓️ 2 February 2022

⏱️ 20 minutes

🧾️ Download transcript

Summary

Alphabet gives a new meaning to the term blowout quarter. Cruise is getting ready to launch its robotaxi business in San Francisco. A GDPR issue that might have huge implications. Starlink has a new premium tier. And what happens if someone buys your house, your IRL house, but in the metaverse? I’m not kidding. Sponsors: TodayInDigital.com Napjitsu.com/techmeme Devry.edu/future Links: Google parent Alphabet announces 20-for-1 stock split (CNBC) Cruise, loaded with another $1.35B from SoftBank, opens up driverless ride-hailing to the public (TechCrunch) SpaceX’s new Starlink Premium tier promises up to 500Mbps for $500 a month (The Verge) European Ad Group Hit With Sanctions Over Privacy Lapses (Bloomberg) Who owns your address in AR? Probably not you. (Protocol) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to the Tech Meme Right Home for Wednesday, February 2nd, 2022.

0:08.0

I'm Brian McCullough today.

0:09.6

Alphabet gives a new meaning to the term Blowout quarter. Cruz is getting ready to launch its

0:14.7

robot taxi business in San Francisco, a GDPR issue that might have huge

0:18.8

implications, Starlink has a new premium tier, and what happens if someone buys your

0:23.8

house your IRL house but in the metaverse I'm not kidding here's what you

0:29.3

miss today in the world of tech alphabet of Tech.

0:39.0

Alphabet reported an absolute blowout quarter yesterday. Let me give you just this one stat.

0:42.0

Q4 revenue for Alphabet rose 32% year over year

0:46.5

to 75.3 billion dollars.

0:48.7

Again, that's quarterly revenue.

0:50.9

And stop and think about that a company as mature and doing as much business

0:56.4

as alphabet already was is still growing 32% year over year. The law of large numbers is officially dead I guess. Let me put

1:06.2

it to you another way. In the year 2021, Alphabet grew sales by a total of 7575 billion over a year earlier.

1:14.4

So if you were being glib about it,

1:16.6

the way you'd say this is Alphabet invented $75 billion

1:20.8

in new business just last year. The total annual revenue of

1:25.1

Coke, the Sugar Water Company, is 38 billion dollars a year. So Alphabet generated two

1:30.9

entire Coke-sized businesses in terms of new sales just last year.

1:36.2

And yes, this is largely from ads.

1:39.1

Folks like myself have snarked and warned that you know Google can't really cram any more ads anywhere

1:46.3

there's diminishing returns they're running out of real estate and yet

...

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