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This was the idea of alphabet - Google the search engine is one of the companies Alphabet holds. Google is an established company that can be milked but revenue
by shubb 9y ago
This was the idea of alphabet - Google the search engine is one of the companies Alphabet holds. Google is an established company that can be milked but revenue has probably grown as much as it can.
To continue to show growth, alphabet planned to bet a moderate investment on entering new sectors with huge growth prospects, making medium term investments by buying leading companies and giving them the funding they needed to get ahead.
This is why Google no longer does stuff like Google X, 20% time etc - as a subsidiary they have got out of the innovation business, at least any more than other established companies.
Alphabet makes more sense when you read it as Alpha Bet - http://www.investopedia.com/terms/a/alpha.asp http://www.investopedia.com/terms/a/alpha.asp
- FiveDegrees 9y ago>Alpha Bet How did I not notice that earlier?
- tgb 9y agoThat's not accurate - Alphabet Inc didn't exist at the time that Boston Dynamics was acquired.
- ma2rten 9y agoGoogle still has 20% time. That is a myth. Google even has an internal startup incubator that allows participants to spend 100% of their time on 20% projects. https://www.forbes.com/sites/miguelhelft/2016/05/19/google-ceo-sundar-pichai-confirms-area-120-corporate-incubator/#6e682c2d1f2b https://www.forbes.com/sites/miguelhelft/2016/05/19/google-c...
- ameister14 9y agoThey still have 20% time for a small set of people, but it's not nearly as widespread as it once was.
- wsh91 9y agoThat's not true. Anyone has access to 20% time, the question is just whether or not it makes sense for individual people. Source: I work here and take advantage of 20% time.
- aarpmcgee 9y agoI was never allowed 20% time during my stint at Goog, was not a myth for me :)