Alphabet is a fucking catastrophe. Virtually all of their major projects have faceplanted. And Larry Page has no solutions.
Is google making enough money on advertising alone to justify its share price? I really dont think so.
The other concern here of course is whether or not investors are sophisticated enough to recognize goog is inflated..
But really... self driving cars: nope, and googles most gifted security engineer left to start his own self driving car company. Google fiber: nope. Estimated costs to roll out a POP is one BILLION united states dollars per city because our infrastructure is literally that bad. Those FEMA railway cars filled with servers: nope, the 'alternate internet' was either sidelined for .gov work or simply back burnered.
At some point, the bloom has to come off the fucking rose here, no?