Oct. 2 at 5:15 PM
$GOOG is my top long portfolio holding.
$OPRA is my top trade portfolio holding.
Both are down today on Perplexity making their
$200/mo browser free (presumably because the product simply isn’t worth
$200 at all).
The only issue is…
Opera has a better agentic browser, neon, launched just a few days ago, that through personal use and reviews, far exceeds comets rudimentary abilities and UX.
So what’s the deal with Google?
Well, they are stuck.
On one hand they want to build Gemini to be a ChatGPT rival, but ChatGPT (
$MSFT btw) is already on the next step, agentic browsing.
Google has a clear path to maintain its dominance though.
And it comes from its nearly three decade partner, Opera.
Opera trades at
$1.6B instead of
$16B (perplexity raised at
$20B somehow) despite having a great product and 300m users already,
For ~
$2.5B Google can claim their search and browsing throne forever and send perplexity to
$0 overnight.
It’s inevitable. It helps both Cos.