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This is sad. For years many have asked why innovation has slowed compared to previous generations. Here's a prime example. Companies/CFOs need to see all resear
by WheelsAtLarge 10y ago
This is sad. For years many have asked why innovation has slowed compared to previous generations. Here's a prime example. Companies/CFOs need to see all research as a profit making venture where all money spent must have a short term return and there is very little room for basic research or high risk research that has a long term outlook and benefit.
All the moonshot ventures were long term shots at innovation. Now the CFO has looked at them with an eye towards short term profits and most did not pass the test. Too bad, wall street is happy with Google and the stock price will certainly improve but at the cost of long term benefits for all.
Let's face facts as great as Google seems it has come at a cost of countless jobs. Advertising campaigns have certainly shrunk when compared to pre-Google days. It's not Google's fault but they have certainly benefited by grabbing a major chunk of the cash. As such they should work towards improving the future. Generating cash for the sake of profits will not make things better. Larry and Sergey did see that Google's money had the power to change things but they seemed to have bent towards the Wall Street way of running a company.
- eli_gottlieb 10y ago>All the moonshot ventures were long term shots at innovation. Now the CFO has looked at them with an eye towards short term profits and most did not pass the test. Too bad, wall street is happy with Google and the stock price will certainly improve but at the cost of long term benefits for all. Not just that: at the cost of betraying the people who joined Google when their "moonshot" companies were acquired. Once upon a time, one grim CFO didn't have the power to reap so many projects. Founders should exercise more caution before selling good projects to Alphabet to die.