3 ms·
> How a company with so much money, so many wonderful engineers can't produce a source of income other than the search engine? It’s like the curse of oil. Goog
by daydream 3y ago
> How a company with so much money, so many wonderful engineers can't produce a source of income other than the search engine?
It’s like the curse of oil. Google found a revenue stream early on that was so massive it covered up all their other sins. They dealt with their problems belatedly at best.
Now that revenue stream is under attack and they are scrambling. To put it politely.
- jack_riminton 3y agoContinuing with the oil analogy, I wonder if they'd have done better if they did something similar to what Norway did with their oil wealth (i.e. only spend a small percentage on the interest earned from oil). Perhaps they could've spent less on all of their moonshots and focussed solely on AI. Hindsight is 20/20 I guess.
- HDThoreaun 3y agoGoogle absolutely could spend 10-20% of what they currently do and just have absolutely massive margins. The problem is they'd get regulated.