<story><title>Google Cloud Worth $225B, Deutsche Bank Says</title><url>https://www.bloomberg.com/news/articles/2019-10-03/google-cloud-worth-double-ibm-s-market-cap-deutsche-bank-says</url></story><parent_chain></parent_chain><comment><author>lacker</author><text>I was working at Google when AWS launched in 2006. The internal message was, we don&amp;#x27;t want to build a competitor. We have the technology to compete in this area, but it is fundamentally a low-margin business, whereas reinvesting in our core business is high-margin, so we should keep our infrastructure to ourselves.&lt;p&gt;I wouldn&amp;#x27;t say the Google strategy was wrong per se - their stock has about 10x&amp;#x27;d since then. But it&amp;#x27;s interesting to see how much things change over time.</text></comment>
<story><title>Google Cloud Worth $225B, Deutsche Bank Says</title><url>https://www.bloomberg.com/news/articles/2019-10-03/google-cloud-worth-double-ibm-s-market-cap-deutsche-bank-says</url></story><parent_chain></parent_chain><comment><author>michalu</author><text>This only means that Deutsche Bank is long on Google. 99% of these analyses are extremely biased and purposeful.&lt;p&gt;I&amp;#x27;m not trying to peddle &amp;quot;banks are evil&amp;quot; it&amp;#x27;s normal, it&amp;#x27;s how this business works.&lt;p&gt;I worked in a leading asset management firm and never met a truly rich analyst. Usually bureaucratic employees nobody at the trading desk takes seriously.</text></comment>