In full transparency, Google is one of my largest positions. YouTube revenue has been plateauing for quite some time. I personally feel that this isn't entirely surprising given corporate budgets are tightening. Additionally, Tik Tok has proven to be a legitimate threat. FWIW Marques Brownlee said on a podcast last week that he thinks YouTube Shorts will eventually take over Tik Tok in popularity.

With all of this said, I feel that Google Cloud does not get the credit it deserves. While it is losing money, Google has made a number of acquisitions in the cloud space and I think they will pay off in the long term.