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Professor Aswath Damodaran weighs in on Alphabet's valuation

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Excerpt from Bloomberg -- "[Google] does one thing and it does it really well. So I'm not going to underplay the fact that it's one of the most incredible cash machines known in corporate history. That said, nothing else that Google's done has added anything to that online advertising pie. So that's what we're going to be watching with Alphabet. Now that they've split out the rest of Google, we'll have to see whether there's any substance left."

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