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Some of finance is valuable, it creates the opportunity to transform money over time. This isn’t finance, just a rent seeking guppy casually trying to move the

• valdiorn 4y ago
  How is it "rent seeking" to state the fact that Alphabet has too many employees, and is overpaying them. It's been a continuing meme on hacker news for the last decade, that Google/alphabet hoover up all the talent in the market and pay them "f*ck you money" with golden handcuff stock vesting schedules, in order to keep them off the job market and out of competitor's hands. that's been the understanding of the situation for 10 years. Alphabet has hoovered up some 180+ small businesses that threaten their monopolies over the last decade, only to throw away all the IP and bench the employees, just to keep their markets intact. Those are things to be upset about, and much more serious and manipulative business practices. Don't be upset that an investor has just pointed out Alphabet's bullshit and wants them to course correct, now that the free money has dried up, and you can no longer afford to feed an army of useless rest'n'vest employees. And the Overton window has absolutely nothing to do with this conversation.
  • deleted 4y ago
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• prox 4y ago
  What is interesting is that value creation isn’t discussed at all in the letter or comments. That would be a far more interesting cross section of Google to discuss.