Investors force Google CEO Pichai to resign, AGAIN?
Curbside News, $Alphabet(GOOG)$ CEO Sundar Pichai is facing investor pressure to possibly resign again and again! $Alphabet(GOOGL)$
INVESTOR PRESSURE: According to rumors circulating online, large investment institutions (such as State Street, Vanguard, or TRP) are dissatisfied with Pichai's performance and want to pressure Google's board of directors to force Splinter's resignation in 2025 due to a series of failed projects and a lack of vision, and the last three earnings meetings have gone against him.
REASON
Google's poor performance in the AI competition
Initial loss: Google, as a strong player in the AI field, performed poorly in the face of OpenAI's attack, its AI was questioned as a pie in the sky, and its counter-attacks, such as Bard and Gemini, were plagued with problems.
Current situation: Gemini 2.0 has improved but not to the extent of amazing, Google has not regained its position as AI leader, and investors and the public have little confidence in it.
Google's other business performance
Google Cloud: Indian people were poached from Oracle to manage it, and no outstanding products were made.
Ad business: As LLM may change the search ecosystem and usage, the sustainability of Google's ad business in terms of profitability has been questioned.Especially when $AppLovin Corporation(APP)$ 's AXON has been continuously increasing its market share, it shows the lack of successor.
Opinions on Pichai's resignation
Support its resignation: Google's poor development, Pichai is regarded as a suitable backstabber, its CEO decision-making power is relatively weak, the company's internal insubordination of many people, the company may exist "big business disease".
Against its resignation: Pichai resignation does not necessarily solve all the problems of Google, but not resignation is difficult to make investors satisfied, and the founder Larry Page hidden behind the scenes for a long time and do not intend to come out of the mountain, whether to find a suitable replacement is doubtful.
Meanwhile, he has allowed Google to invest billions of dollars in TPUs, which are less limited by $NVIDIA(NVDA)$ GPU production capacity, with the sixth generation currently in production and the seventh generation under development.
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