George Parker : Google is going down the tubes
July 18, 2008
George, We love your content… we visit your blog on a sometimes hourly basis … and we totally respect your opinion on things… but this is the wrong tree to bark up on.. Google’s profit was up 39% .. where as traditional is down in huge ways… USA today (the former kingpin of print media) was down 27% yesterday.. where as Google was up 39% … it’s a recession.. and it affects everyone.. even us SEO / Digital guys where we are expected to grow 100% every 90 days… it’s not the same standard. That being stated.. we understand your view… what goes up must come down… and looking at it that way… nations fall (Rome) … companies hit the toilet after being monsters in industry (IBM)… but for now.. there is no real safe bet as you know .. we are in a recession….. the closest we have to growth is Google… I can’t stress enough how difficult this is of an economic time for many.. especially staffers at agencies.. they are facing layoffs… and virtual eliminations of their positions. Of all the companies out there working to fix those displaced workers.. it’s Google.
They are opening new job opportunity out there for firms that deal with SEO , Social Media and others.. for ever staffer fired at WPP and InterPublic.. Google or an agency that works with Google is hiring someone… or someone builds a new startup that is largely Dependant on Google Rankings.
I’m not saying it’s not painful.. I am not saying this is easy.. .but disruptive technologies like this are doing wonders for some.. and painful for others.. but overall… it’s a positive for all.. without Google your blog would of been silent .. my blog would of been silent.. and I wouldn’t have an office full of people here paying their mortgage. If I had to pick a partner.. and it was down to the Poisoned Dwarf or Sergi.. I’ll pick Sergi… at least I know Sergi has a vision…
This is in Parker’s post:
Google announced spectacular growth in its second-quarter revenues — about 39 percent over the same period lat year — but fell short of Wall Street’s profit expectations.
Then this:
Google CEO Eric Schmidt, in his company’s conference call with investors, said they would survive the downturn because there will be a flight to quality, and that they will provide a better return on investment. But you know what? I’ve heard that shit so many times in the past, you’ll have to take that with a large fucking pinch of salt.
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