Google's annual payment to Apple shows its vulnerability to competition and destructive innovation across industry. Unlike Facebook, Youtube or Netflix, Google search is just a tool. It doesn't build connection among people or provide proprietary content. Once there's a better tool in market, people will soon to replace the tool with the new one. Chat GPT or generative AI could be a trigger to shake Google's dominant position. The best scenario for Google probably is lose less. As a defender, Google will have to invest more, which probably will lead to lower profit margin. For other business like Google Cloud, Waymo, and hardware business, I don't see any strong competitive advantage. GOOGL looks like a long-term sell to me. $Alphabet(GOOG)$
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