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Alphabet shares slide despite earnings beat

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posted on Feb, 4 2020 @ 12:05 PM
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originally posted by: Riffrafter

originally posted by: FauxMulder

originally posted by: Bluntone22
a reply to: Riffrafter

It's amazing how a company that produces no actual products can make that much money.


What?

They make phones, web services, watches, operating systems, apps, maps, cloud services, laptops....

The list is endless. How are these not products?


They make laptops?

If so, with the exception of those, phones and watches they are really in the services business vs the product business...

Although the sophistry minded among us could say that a service is a product...so to speak.

I also think all of the "hard product" stuff is outsourced. Does anyone know if they have mfg plants?

Whatever they do - they do it *very* well.

And I actually don't mind Google and Amazon raking in big $$. They provide great products & services and they seem to go out of their way to be good corporate citizens too.

Capitalism at its finest!



Yeah man; they make chromebooks; other parties do too, but they make official ones. Same with the Pixel. They make watches, phones, computers, operating systems that run those devices, and basically everything. They are involved in making lightbulbs now too. They literally make everything except cars and food; and with android auto, they even have a stake in the car game.

They are a monopoly. And that's how Alphabet is worth 1 trillion. It's illegal to be that.




posted on Feb, 4 2020 @ 12:12 PM
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Typical market behavior. Never bet on earnings unless you can afford the loss.



posted on Feb, 4 2020 @ 12:19 PM
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originally posted by: blueman12
a reply to: lakenheath24

Both google and Amazon are masters at tax avoidance. Why do the two biggest companies in America get away with avoiding so much taxes?
www.forbes.com...


Transfer pricing. They book all of their profits overseas in tax havens where the local politicians/bankers can be bought.

And then they buy the politicians here, too.



posted on Feb, 4 2020 @ 12:21 PM
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originally posted by: FauxMulder

originally posted by: Bluntone22
a reply to: Riffrafter

It's amazing how a company that produces no actual products can make that much money.


What?

They make phones, web services, watches, operating systems, apps, maps, cloud services, laptops....

The list is endless. How are these not products?


They do make these products.

However, it would be a slight bit more acceptable if they would do so by manufacturing here in the u.s.

Maybe actually put some revenue into the hands of the people in the country who pay taxes while mega-corps like these pay jack # in taxes.



posted on Feb, 4 2020 @ 01:06 PM
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a reply to: ColdWisdom

No shame either. It's like once you get a certain level of rich, you just lose all shame or loyalty to country. It just becomes about more greed and power.



posted on Feb, 4 2020 @ 01:07 PM
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originally posted by: sapien82
a reply to: Riffrafter

wow , all those profits you'd think they'd maybe pay some taxes

google slammed by oposition


I agree.

I think it sucks too.

But their products just work. You don't have to think about using them. You just use them. Multiple times a day probably too.

It's like breathing. No one thinks about breathing but they do it every second or so anyway...


edit on 2/4/2020 by Riffrafter because: (no reason given)



posted on Feb, 4 2020 @ 01:13 PM
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a reply to: SRPrime




Same with the Pixel.


Talk about needing a Homer Simpson "Doh!" smack...

I *own* a Pixel!



Ha!



posted on Feb, 4 2020 @ 01:14 PM
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originally posted by: Notoneofyou

originally posted by: FauxMulder

originally posted by: Bluntone22
a reply to: Riffrafter

It's amazing how a company that produces no actual products can make that much money.


What?

They make phones, web services, watches, operating systems, apps, maps, cloud services, laptops....

The list is endless. How are these not products?


They do make these products.

However, it would be a slight bit more acceptable if they would do so by manufacturing here in the u.s.

Maybe actually put some revenue into the hands of the people in the country who pay taxes while mega-corps like these pay jack # in taxes.


Agreed 100%!

Maybe with a little pressure from their US user base, they can be nudged in the right direction.

I'm sure there are a million cities and states that would give them huge tax incentives to do so.

N'est pas?



posted on Feb, 4 2020 @ 01:16 PM
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a reply to: Riffrafter

BIAS!



posted on Feb, 4 2020 @ 01:38 PM
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originally posted by: blueman12
a reply to: lakenheath24

Both google and Amazon are masters at tax avoidance. Why do the two biggest companies in America get away with avoiding so much taxes?
www.forbes.com...
Bezos, Page and Brin are rabid anti-Trumpers doing everything within their enormous powers to bring Trump down. It seems a bit hypocritical for virtuous resisters to amass many times more wealth than the evil Trump. One can make a case that Bezos in particular, but Page and Brin, too, have destroyed thousands of companies and jobs with their Internet business practices. They’ve created virtual monopolies and wield extraordinary influence over our nation, which would be an outrage to leftists if they were conservatives.
edit on 4-2-2020 by Scapegrace because: Typos

edit on 4-2-2020 by Scapegrace because: Typo



posted on Feb, 4 2020 @ 01:42 PM
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a reply to: Riffrafter

Anti-trust laws being enforced might be a good start.

Or anti-monopoly laws.

#, just about any kind of reality check would be good.

Too bad the idiots in the house and senate are all for rent, wearing their "donations" like blinders....
edit on 4-2-2020 by Notoneofyou because: (no reason given)



posted on Feb, 5 2020 @ 10:54 AM
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a reply to: Scapegrace

Trump was never a fair and honest businessman either. Just look up how he did business in the past.
abcnews.go.com...

There is no evidence trump wouldn't be bezos if he had the opportunity.

Trump may be a hypocrite but his pro-American politics may possibly help.. i heard him mention amazon and taxes in tweets before. Hopefully he does something about it.

edit on 5-2-2020 by blueman12 because: (no reason given)



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