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None of them have done anything on this scale, have they? They’re valuable because they don’t make investments like this. Their work is on a long lever so they
by scarejunba 8y ago
None of them have done anything on this scale, have they? They’re valuable because they don’t make investments like this. Their work is on a long lever so they have great margins over massive volume.
- ahakki 8y agoI’m pretty sure Uber has terrible margins :)
- scarejunba 8y agoHaha, or potential for great margins, right. It's not one big project that costs $100 bil, right. There's very little incrementality to HSR, etc.
- masonic 8y agoGoogle has spent over $200 million on land alone... in the valley alone... just in the past month. I heard that it seriously depleted HQ's petty cash fund. (But seriously, these were, in fact, all-cash deals.)
- scarejunba 8y agoYeah, but they don't do that every month. And $200 million is 1/500 of 100 billion. This is like the difference between going to a nice restaurant and buying a McLaren P1. Or spending all your money as an L7 at Google vs. going to space yourself.