Everyone from Silicon Valley to Wall Street is racking their brains over this decision. What does that signify for the that behemoth that is pervasive everywhere? Well, it’s not straightforward and Google is not down without a battle first of all.
Think of this: Google may have to split from its cash cow: those great, sweet offers that keep it your iPhone’s default search engine. Here we are talking billions. They sneezed a nice $20 billion to Apple for prime real space on our screens in 2022 alone.
Here’s where it gets interesting, though: Google’s loss might be everyone else’s benefit. Bing from Microsoft most likely is dancing happily right now. For them, even a small change in market share might translate into large sums. For every percentage point they grab from Google, we are talking extra $2 billion.
Let’s not overlook: artificial intelligence. Google might be losing the data feeding their artificial intelligence beast in addition to money here. And in the tech environment of today, that’s like missing the secret ingredient in your grandmother’s recipe 🙂
What’s the key takeaway? The tech sphere is preparing for a dramatic restructuring, with future industry leadership hanging in the balance. Rest assured, the upcoming six months will be fascinating to watch. Stay tuned as we’ll be covering more news on this topic.👇