GOOGL
💰 Google secured a deal with the U.S. government, offering a temporary 71% discount on Workspace software prices until the end of the fiscal year (September).
⚔️ This aggressive pricing strategy is a direct challenge to Microsoft’s dominance in the government sector, showcasing Google’s push to gain market share.
📈 Despite general market concerns, Google is viewed as a core holding within Big Tech, with its AI developments and strategic moves being key factors for long-term consideration.
@bernardodegarcia:
“Google, uh, Google in spotlight. Giant signs deal with U.S. government to cut software prices. Okay. Capital markets cuts the… okay, nothing. I mean, I really love it when there are analysts, for example, imagine, right? With Tesla shares or with the S&P 500 or whatever you want. With Tesla shares, there are analysts who, for example, until yesterday or the day before, had a price target of 400 or 500 or whatever, and since Tesla shares are kind of stuck here, they reduce their price target to 300 but still maintain their buy rating. I don’t know, it’s like, yes, I understand that perhaps the shares, due to sentiment, won’t move, but does that mean we have to cut? I suppose so. Google, such and such, signed an agreement with the United States government to cut, uh, the prices of its software business, uh, such and such. They reached an agreement with Google to temporarily cut the prices of its Workspace… Jas! 71% for the entire federal agency. Uh, was this from Dodge or from whom? The discounts are effective until the end of the fiscal year, until the end of September. Microsoft still remains, still remains the one in charge because it has the largest share of such and such, but well, Google is there offering it a 71%. That’s quite something. Well, the truth is, it hasn’t said, the market hasn’t said anything. I mean, we still have… how will the small banks be doing? Not bad, not bad. I mean, not bad.”
Watch the exact part of the video where @bernardodegarcia talks about Google here:
Watch the video on YouTube
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