yesterday I wrote: Google Search holds near 17%, $GOOGL
defends the core. slows hard, I was wrong
it came in at 12%. so, wrong)
half wrong. Alphabet's Philipp Schindler says FX was the single largest driver of the slowdown. but he also named AI Mode: strong query growth, lower monetization
that's #CanGoogleDefindItsCore in one line: people do ask AI instead of searching. they just do it inside Google
🔸 Search & other: $63,350 million, up 12%
🔸 Q2 was 17%, Q1 was 19%
🔸 query growth: highest in five years
more searches, each one paying less. Google says most AI Mode queries are incremental, so money can catch up. maybe
by 4:41 p.m. ET the shares sat 9.4% under the close. the market didn't wait for later
my line for the next print: Search back above 12% or not
my read: Google is eating its own lunch before someone else does. smart move or slow bleed?
defends the core. slows hard, I was wrong
it came in at 12%. so, wrong)
half wrong. Alphabet's Philipp Schindler says FX was the single largest driver of the slowdown. but he also named AI Mode: strong query growth, lower monetization
that's #CanGoogleDefindItsCore in one line: people do ask AI instead of searching. they just do it inside Google
🔸 Search & other: $63,350 million, up 12%
🔸 Q2 was 17%, Q1 was 19%
🔸 query growth: highest in five years
more searches, each one paying less. Google says most AI Mode queries are incremental, so money can catch up. maybe
by 4:41 p.m. ET the shares sat 9.4% under the close. the market didn't wait for later
my line for the next print: Search back above 12% or not
my read: Google is eating its own lunch before someone else does. smart move or slow bleed?
