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Big Tech earnings breakdown w/TechCrunch's Alex Wilhelm | E1731
This Week in Startups
Alphabet's CEO Isn't Nimble
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AOL has pivoted off of Oculus and metaverse. He talked about AI a lot more in these earnings calls. So he wants to win. I bought the stock at $94 the Monday after he said he was going to cut 10,000 people. And his stock continues to go higher because they had negative revenue growth for three quarters. This made people believe that this was, okay, you're AOL. You hit a peak and now we're going on the other side of the hill.
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