On August 5, a US district court judge ruled in favor of the US Department of Justice (DOJ) in an antitrust case against Alphabet's Google (GOOG, GOOGL...
On August 5, a US district court judge ruled in favor of the US Department of Justice in an antitrust case against Alphabet's Google is just having incredible engagement, incredible AI progress. And we think that they're having a big impact. All the advertisers we speak with are spending more on Meta than they are with Google... Secondarily to your point in search, in the last six months, I've used Perplexity more than I've used Google search.
Uh for investors, it's a, it's a better outcome because uh effectively, many parts of the businesses are not being uh effectively put the light on each, each of your businesses.Um Again, we yield upside uh in our, in our overall price target even in that situation. Every advertiser uh and the government can do this is go poll all the top advertisers that spend, are you spending more money on Google or Meta?So I, I would argue, I, again, I don't know every detail of this, but I would, I, I believe again in our work that there are a lot more competitors than perhaps are being alluded to and the environment is changing rapidly.Uh We obviously don't believe uh we're doing, we're trying to do the right thing for consumers.
So as friends of mine in the industry have said, if you work in the Amazon advertising market, it, it's like shooting fish in a barrel.
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