Posts for Tag: gigaom

Google, the one trick pony?

Om Malik writes in a post that Google is great at search but bad at investments (in reference to today's earnings release within which was mentioned a $1+ billion write down for bad investments). I wholeheartedly agree with this sentiment and might even take it one step further. In regards to making money, does Google really do well in any field other than search? For the record, I use a lot of Google services like Search, GMail, Google Maps, and YouTube to name the big ones. I think these are all awesome services but they don't come near to making the huge profits that are synonymous with the Google cash machine (do any of these products even generate some profits?). It's not a knock on Google by any means. They have afforded themselves the right to roll out any product they want regardless of its profit generating capabilities. It just makes me wonder whether they'll be in the same boat as Microsoft someday - a company that never really figured out a way to generate huge profits from anything but desktop software. But hey, if I generated the profits that Google does from search and Microsoft does from desktop software, who really cares?

UPDATE:  To further prove that no one cares, Google is trading almost 8% higher as of 11am the next day.