Wed. 02/02 – YouTube Bigger Than Netflix?
Tech Brew Ride Home
Amalgamated Internets, LLC
4.7 • 1K Ratings
🗓️ 2 February 2022
⏱️ 20 minutes
🧾️ Download 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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