No idea how this translates to profit, but they're probably extracting revenue from a billion people at this point. I spend something like $150/year on youtube premium + music subscriptions, have spent probably a lifetime total of $300 on media content, and since I use their products a lot I'd guess advertisers are paying them more than $10-20/year for my eyeballs.
I may be ahead of 7.6-7.8 billion people in terms of the total lifetime amount I'll end up funding Google's funnel, but of the portion that spends more than me there's room to spend a lot more (and you're forgetting about people who haven't been born yet who will also be paying money to google one day)
Market cap isn't really an estimation on how much money the company might make anyway, since Google doesn't pay it's shareholders dividends. It's just a way for people to speculate on how much a thing will be worth in the future.
In theory there should be some relationship with current profits, but... did you take a look at Tesla any time in the last couple of years?
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No idea how this translates to profit, but they're probably extracting revenue from a billion people at this point. I spend something like $150/year on youtube premium + music subscriptions, have spent probably a lifetime total of $300 on media content, and since I use their products a lot I'd guess advertisers are paying them more than $10-20/year for my eyeballs.
I may be ahead of 7.6-7.8 billion people in terms of the total lifetime amount I'll end up funding Google's funnel, but of the portion that spends more than me there's room to spend a lot more (and you're forgetting about people who haven't been born yet who will also be paying money to google one day)
Market cap isn't really an estimation on how much money the company might make anyway, since Google doesn't pay it's shareholders dividends. It's just a way for people to speculate on how much a thing will be worth in the future.
In theory there should be some relationship with current profits, but... did you take a look at Tesla any time in the last couple of years?
Google just started paying a dividend.