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>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 t
by 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.