Google's Parent Company Briefly Hits $2 Trillion Valuation (theverge.com) 11
Alphabet, Google's parent company, briefly hit a market cap of $2 trillion. The Verge reports: The tech behemoth's market cap is currently at a comfortable $1.98 trillion, but crept over the $2 trillion mark midday Monday, later closing out at $2,987.03 per share. Alphabet's market cap has just about doubled from $1 trillion since January 2020. [...] Alphabet nearly joined Apple and Microsoft as one of three US-based companies that are part of the exclusive $2 trillion club.
Damn! (Score:2)
This is like the 2nd time in 4 hours [slashdot.org] this has happened!
Re: (Score:2)
Basically someone is arbitraging Alphabet. When the market cap hits $2T, they buy, and the trigger to do that is to submit a Slashdot article. Once the article gets flooded with negative absurd comments, they then sell. Given market volatility, we may still see 5 more submissions like this.
About $250 for every person on the planet (Score:2)
Did you realise how valuable your data is ?
That is an average - some people's data will be worth more than other's.
Re: (Score:1)
Did you realise how valuable your data is ?
Google gets my data and I get free, immediate, and unlimited access to a global index of human knowledge.
That seems like a reasonable trade to me.
The only downside is that the ads I see are more likely to be aligned with my interests.
Re: (Score:2)
Did you realise how valuable your data is ?
Google gets my data and I get free, immediate, and unlimited access to a global index of human knowledge.
That seems like a reasonable trade to me.
The only downside is that the ads I see are more likely to be aligned with my interests.
The cost isn't entirely abstract. Google/Alphabet now has the means to manipulate you. They substantially influence the new stories you read, the websites you visit, and even the businesses you physically travel to.
I doubt they have nefarious intent, but as we're seeing with Meta/Facebook nefarious intent is hardly a prerequisite for nefarious action. When you have an infinite library the librarian is king.
Re: (Score:2)
They substantially influence the new stories you read
I use news.google.com. Every day there are stories running the full gamut of sources from Fox to NPR.
They may "influence" what I read, but they don't seem to be steering me in any particular direction.
Re: (Score:3)
They substantially influence the new stories you read
I use news.google.com. Every day there are stories running the full gamut of sources from Fox to NPR.
They may "influence" what I read, but they don't seem to be steering me in any particular direction.
Same here, and I agree that I get a wide range of perspectives on the stories I see.
But I also find that there's a fair number of stories I never see, or stories I see that most other people don't.
For instance, a couple of years ago I was working on a particular public sector project and as such I tended to find stories about that project interesting, and was therefore regularly presented with stories on that project.
If I wasn't aware of how the algorithms worked I'd likely think the project was of much gre
Re: About $250 for every person on the planet (Score:2)
You are confusing "your data" and "data about you".
Close as Duplicate (Score:2)