4 ms·
No it’s not. Google has many primary concerns it needs to manage. That’s how you get big - by managing lots of concerns successfully. If they drop one too lon
by georgebarnett 7y ago
No it’s not.
Google has many primary concerns it needs to manage. That’s how you get big - by managing lots of concerns successfully.
If they drop one too long, they start going backwards very quickly.
- blackflame7000 7y agoThen explain why they changed to Alphabet. Shareholders were sick of things like project loon, siphoning cash from google search. You are extremely naive if you think there are many concerns of higher importance than profit. Everything else is about maintaining and growing profit even if that means doing an ad campaign convincing people you are fighting the good fight..for profit.
- icebraining 7y ago> Then explain why they changed to Alphabet. Shareholders were sick of things like project loon, siphoning cash from google search. Alphabet is still spending billions from Google into "other bets" like Loon, so I don't see how this explains the change.
- blackflame7000 7y agoBecause now they have to report it to their shareholders where the money is going so that if the board doesn't like it they can replace the CEO. Before since it was all google, the money went where they said it went, there was no oversight. They had this massive R&D budget that was opaque to the investors. Money that could have been paid to shareholders as a dividend or return was instead spent on projects they had no idea about.