Jake Howe

Netflix has $38 billion in revenue. They're worth almost $300 billion, so that's an interesting corollary. You got Waymo doing 50,000 paid trips a week now. 2.5 million... a year, and that's growing quite nicely. You got Android, right? They don't disclose revenue. You got the G Suite. So let's start with you, Freeberg, and then I'll go to you, Chamath, because you made the prediction.

Netflix has $38 billion in revenue. They're worth almost $300 billion, so that's an interesting corollary. You got Waymo doing 50,000 paid trips a week now. 2.5 million... a year, and that's growing quite nicely. You got Android, right? They don't disclose revenue. You got the G Suite. So let's start with you, Freeberg, and then I'll go to you, Chamath, because you made the prediction.

What do you think would be accretive or generally increase the market cap and be something that Google would be happy with and the government would be happy with if you had to maybe shed one or two properties? What's a possible outcome here?

What do you think would be accretive or generally increase the market cap and be something that Google would be happy with and the government would be happy with if you had to maybe shed one or two properties? What's a possible outcome here?

All right, Shamatha, you predicted the possibility of a big O. Here we are. Your thoughts on what this might look like, chances of it happening, and then just maybe if you're interested in the anti-success approach here, or do you think this is more valid criticism of Google's massive search monopoly?

All right, Shamatha, you predicted the possibility of a big O. Here we are. Your thoughts on what this might look like, chances of it happening, and then just maybe if you're interested in the anti-success approach here, or do you think this is more valid criticism of Google's massive search monopoly?

You know, I have a long relationship with Google as a content creator, and they do have a massive monopoly in search. That's absolutely true. And the Justice Department, I think, is well within their rights to take a deep dive on that. They don't have it in ads.

You know, I have a long relationship with Google as a content creator, and they do have a massive monopoly in search. That's absolutely true. And the Justice Department, I think, is well within their rights to take a deep dive on that. They don't have it in ads.

If you look at the competition for Google in advertising, you got Meta, TikTok, and Amazon, which have very, very significant advertising businesses, and then like a bunch of new players, which are referred to basically as the shopping cart ad networks. That's Uber, Instacart, DoorDash, et cetera.

If you look at the competition for Google in advertising, you got Meta, TikTok, and Amazon, which have very, very significant advertising businesses, and then like a bunch of new players, which are referred to basically as the shopping cart ad networks. That's Uber, Instacart, DoorDash, et cetera.

And so when you look at this, it's kind of paradoxical that it really does rhyme with what happened with Microsoft. They're two decades late on this. The search monopoly has been squeezed for every dollar and to build every... sub-component of Google's monopoly.

And so when you look at this, it's kind of paradoxical that it really does rhyme with what happened with Microsoft. They're two decades late on this. The search monopoly has been squeezed for every dollar and to build every... sub-component of Google's monopoly.

Flights, shopping, all of these things put into Google search and put at the top above organic search has basically killed hundreds, hundreds of startups over the decades. And so I actually don't think this is going to do much if they do a breakup. The easy solution for... Google, and I agree with, I think, people who said that here, is to just spin out YouTube and Waymo.

Flights, shopping, all of these things put into Google search and put at the top above organic search has basically killed hundreds, hundreds of startups over the decades. And so I actually don't think this is going to do much if they do a breakup. The easy solution for... Google, and I agree with, I think, people who said that here, is to just spin out YouTube and Waymo.

Those two are perfect standalone businesses. Yeah, there's some backend stuff, but like you said, Freeberg, they could become customers of the ad network of the cloud for some number of years. But YouTube and Waymo, those would be like a $400 billion company, a $50 billion company, and those are right in the zeitgeist of the future and what advertisers want.

Those two are perfect standalone businesses. Yeah, there's some backend stuff, but like you said, Freeberg, they could become customers of the ad network of the cloud for some number of years. But YouTube and Waymo, those would be like a $400 billion company, a $50 billion company, and those are right in the zeitgeist of the future and what advertisers want.

So I think offering those two up would unlock massive shareholder value. The most damaging one would be Android. If they force them to sell Android, that is going to be massively damaging because an independent Android company could then, you know, give their search default to Bing and Microsoft would happily bid for that.

So I think offering those two up would unlock massive shareholder value. The most damaging one would be Android. If they force them to sell Android, that is going to be massively damaging because an independent Android company could then, you know, give their search default to Bing and Microsoft would happily bid for that.

They would auction it, right. And so, I mean, losing every- On Google's fork of Android, right? Correct. And so that is the dominant player. And then they have handsets. So how much is that worth?

They would auction it, right. And so, I mean, losing every- On Google's fork of Android, right? Correct. And so that is the dominant player. And then they have handsets. So how much is that worth?