← Back to context

Comment by codeulike

16 days ago

Google and Facebook have failed to do this, so why is that?

Failed to do what?

I'm sure you can find good analysis of why specific products failed.

And both Google/Alphabet and Facebook/Meta have a bunch of side projects that are reasonably successful.

  • They have failed to diversify, is what I meant, despite being around for approx 2 decades

    • Lets look at diversification of revenue:

      meta $164b revenue in 2024: 98% advertising

      google $350b revenue in 2024: 76% advertising, 12% google cloud, 12% other

      apple $391b revenue in 2024: 66% hardware (iphone, ipad, mac), 25% services (app store etc), 9% other

      amazon $638b revenue in 2024: 64% amazon store+associated services, 17% AWS, 9% ads, 11% other

      microsoft $245b revenue in 2024: 40% azure/server products, 22% office, 10% windows, 9% gaming, 7% linkedin, 5% search+ads, 8% other

      I'm not particularly a microsoft fan, just making this point because I think MS is poorly understood by the HN crowd