Alphabet (Google) Stock Price Falls on Report Samsung Considering Replacing Google

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Living for this. Google is on a suicide mission – it went from being the most brilliant, cutting edge search engine to a vile leftwing propaganda trash engine.

Alphabet loses $55 billion in market value after Samsung reportedly considers replacing Google with Bing in its phones

By: Matthew Fox, Business Insider, Apr 17, 2023:

  • Alphabet erased $5 billion in market value on Monday after a report said competition is heating up in the search market.
  • According to the NYT, Samsung may replace Google with Microsoft’s Bing as the default search engine in its phones.
  • Such a move would put about $3 billion in revenue at risk for Alphabet, which has long faced little competition.

Alphabet stock slid as much as 4% on Monday, erasing about $55 billion in market value after a report from The New York Times suggested that competition is heating up in the mobile search market.

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The report said that Samsung is considering replacing Google as the default search engine across its lineup of devices in favor of Microsoft’s Bing Search, which could put about $3 billion in annual revenue at risk for Alphabet.

A similar contract between Alphabet and Apple, which is worth about $20 billion in annual revenue to Alphabet, is due for renewal later this year.

Google employees were shocked when they learned in March that Samsung was considering replacing Google, and internal messages of Alphabet employees reviewed by The New York Times showed “panic” among staff.

Google has been facing increased competition in search for the first time in decades after Microsoft incorporated OpenAI’s ChatGPT into its Bing search results earlier this year. Google has long held an essential monopoly on the search market, commanding a market share of about 90%.

And Alphabet is working hard to defend its market share, according to the report, with a team of more than 160 people working to incorporate artificial intelligence features into its Google search product.

But that might not be enough if Samsung decides to set Bing as the default search engine across the hundreds of millions of devices it ships each year. While Google could still be made the primary search engine on Samsung devices if a deal between Samsung and Microsoft goes through, it would require users to change the phone settings on their own to make the change.

Samsung has a long standing relationship with both Alphabet and Microsoft, as it pre-installs various apps from both companies on its devices, and negotiations between Samsung and Microsoft are still ongoing and could still end up with Google as its default provider, according to the report.

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Zeus
Zeus
11 months ago

I don’t trust Microsoft any more than I trust Google. I think Google was born hostile just like Facebook.
Windows seems to be designed for Peeping Tom, so at this point it doesn’t matter how it was born.

The big search engines seem to be like the MSM; they steer in the same direction. The competition between them is used as camouflage. The MSM does the same thing. Ever notice how the MSM networks keep pushing the same content even as their ratings fall? That means the agenda is more important than the profit, and that means the networks are not a normal businesses, they’re investments in public manipulation (political power).

Everything influential that money can buy has been bought to use against us. They create things that appear to be helpful and good so they can use them against us. They take over things that were useful and good so they can use them against us. There are many examples.

A very powerful group of families put the whole country on a suicide mission, but we weren’t supposed to understand that until it was too late. It’s really a murder painted up as a suicide.

Snowjob will have a hard time connecting the dots, or he’ll be butthurt because everyone else is starting to connect the dots and he doesn’t want that to happen. He’ll probably start throwing insults at the messenger because the message gets his goat.

Zeus
Zeus
11 months ago
Reply to  Zeus

A couple folks got butthurt by my comment. I think it got their goat.

Snowedin
Snowedin
11 months ago
Reply to  Zeus

It certainly got your goat, even replying to yourself. They say that talking to yourself is the first sign of maddness.

RichardD
Richard
11 months ago

“artificial intelligence”: “Artificial” is a fancy word for “FAKE”. We’ve already got a dangerous amount of “fake” in everything the democrats have ever produced since their first days as a political party. They re all traitors or stooges for traitors.

jbavieraD
jbaviera
11 months ago

So, in other words, I’ll STILL need to change my default search engine.
I was hoping for a different OS OTHER than Android or Microsoft.
Apple, Microsoft and google produce nothing but spyware, and you have your choice of having it their way, or their way!

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