5 ms·
It’s Google. The level of investment isn’t correlated to the propensity for cancellation. Remember the most expensive ever Google product? Plus? Right...
by ulfw 6y ago
It’s Google. The level of investment isn’t correlated to the propensity for cancellation.
Remember the most expensive ever Google product? Plus?
Right...
- boringg 6y agoOr do you mean glass?
- google234123 6y agoWhat? I'm pretty sure Cloud, Geo, and Search have more total investment than Plus.
- tmpz22 6y agoPretty sure self-driving will be the biggest loss, theyll make money from it and have relevance but itll be way less than they put into it so early
- eru 6y agoDo you know how much money Google has ever invested in Waymo ever? I tried to search for a number, but couldn't come up with much. Obviously, this number would be very important in judging whether self-driving will be a loss for them.
- tmpz22 6y ago> Google had spent $1.1 billion on the project [1] The wikipedia also mentions Waymo raising ~2B and ~3b rounds that IIRC Google participated in as well. I'm surprised its so low honestly. [1]: https://en.wikipedia.org/wiki/Waymo https://en.wikipedia.org/wiki/Waymo
- eru 6y agoThanks. I should have thought to check on Wikipedia! If you are willing to wait and just judge by eventually realised revenue, Waymo might still turn out to be a loss. But if you judge by current valuations (which reflect informed investors best guess of future revenue streams), then even after a recent major decrease we still have 30 billions USD. That looks pretty decent for an investment of 1.1B + ~3B total.