Google – The Bear Case – Investment Watch
Ad revenue growth is slowing down and I expect this trend to continue. That’s Google’s core business, which means the company will be forced to explore other avenues to maintain growth. Cloud, Youtube, and Waymo will provide some future growth. But will it be enough? Thesis Alphabet, Inc. (GOOGL) has been an outstanding company and investment for the better part of 20 years. Its search engine is unparalleled and there is little chance of it getting displaced any time soon. Nonetheless, its main source of revenue; search engine ad spending is beginning to taper off. With stiff competition,...
Source: investmentwatchblog.com