5 ms·
Peter Thiel Tells Google Chairman: “You Have NO IDEA What You're Doing”
- x2398dh1 9y agoHe didn't directly say, "You have no idea what you're doing," he said, "Google [as a company] has no idea [in which new verticals] how to invest its money, other than advertising, [and therefore] Google is no longer a tech company, [in the new technology sense of the word]." He goes on to say that an investment in Google is a bet against new search engine technologies. Eric Schmidt rebuts by saying that there have been many business process technological innovations within the company, such as Chrome, which represent Google being a tech company.