Stocks

“Is Google at risk of becoming irrelevant? Alphabet’s stock drop draws comparison to Kodak.”

“Since ChatGPT burst onto the scene two and a half years ago, Wall Street has wondered whether it presented a major threat to Google’s search business. And with Alphabet Inc.’s stock now 25% off its highs, a Melius Research analyst is exploring that question with a bit more intensity…”

https://www.marketwatch.com/story/is-google-the-next-kodak-alphabets-stock-drop-prompts-tough-questions-d8c3df65

It does pose a threat but that’s not why Google is down. The magnificent 7 is overvalued and way overdue for a correction. Also we are facing a potential stock market crash. ChatGPT is more of a long term problem.

Google doesn’t do itself any favors either. Predatory practices and changes to its algorithms for reasons other than efficiency and or customer satisfaction severely hurt Google’s product.

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