Alphabet Google: Dreams of a Churning Welchian
Summary: Ad revenue under pressure; massive legal problems around the world; losing primacy in search and held in disdain.
Phi Beta Iota: Mr. Arnold, a top industry analyst now in retirement, is the author of The Google Trilogy. We share his negative views of Google which has refused to make sense of anything, and got started on the basis of a crime (stealing search from Yahoo), a grant (from CIA), and a mistake (HP's closing down Alta Vista). Only in America can stock market fantasies last so long.
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