"Amazon’s browser apparently does more than caching, speeding, and munging Web pages. For example, what happens to Google ads and services? Today, on my PC, Google knows it’s me using its services. Tomorrow, from a Fire, I assume they’ll get an AWS request without further user info. That’s the ‘‘threatening to Google” part mentioned above, Google could find itself providing free services without getting much of anything in return."
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Google’s “Interesting” Week | Monday Note
Read the whole thing and then come back and tell me how you can have any confidence in a P/E multiple on Google, Facebook, or Amazon to arrive at a reasonable valuation.
