Google is a large company with many businesses. How is Google Cloud Platform related to advertising? Nest? Liftware? Google Docs?
Fact is advertising is cyclical, and Google is aggressively diversifying away from it.
Yes, many tiny, unprofitable "businesses" that contribute little to nothing to Google's bottom line, except through direct or indirect support of the advertising business that generates the vast majority of its revenue.
The Ads business is maxing out, you cant generate 20% revenue growth per year by continuing to have a 97% ads business model.
This "oh, but they're going to use it for ads" meme is pure lazy and sloppy thinking.
Google is a large company with many businesses. How is Google Cloud Platform related to advertising? Nest? Liftware? Google Docs?
Fact is advertising is cyclical, and Google is aggressively diversifying away from it.