Misleading Articles About YouTube and Google Financial Performance
Reality check: "Google's parent company burned $5.9 billion in cash during the second quarter, its first quarterly cash burn on record"
Yesterday we saw several articles and misleading headlines that speak of YouTube "revenue", not profit (income is not the same either). It's always the only thing Google (or Alphabet) advertises because the costs soar, which cancel out the revenue.
Similarly, many areas in Google lose a ton of money. We're talking about billions (not millions) in losses. As recent investigative journalism in Japan uncovered or discovered, paraphrased by English media: "Alphabet and Microsoft keep their vehicles off-book too."
They're pulling an Enron. As we showed yesterday: Google's Debt Trebled in Only 9 Months and It's Not Even the Full Picture (There's Secret Debt, Too)
Is Google a huge success story? Hold your horses! Google's 'intelligence' cannot even figure out very basic facts.
The future of Google is self-serving monopolisation and destruction of the Web. It's not "hey hi" and it's not search. █