3 ms·
...the company famous for shuttering anything that doesn't make ridiculous profit margins is not a good example for that.
by ilyt 3y ago
...the company famous for shuttering anything that doesn't make ridiculous profit margins is not a good example for that.
- rayiner 3y agoThe point of Google Fiber was to spur broadband development to benefit Google’s other businesses. I don’t think Google Fiber has ever made a profit. https://www.fool.com/investing/2020/09/18/reports-of-google-fibers-death-are-greatly-exagger https://www.fool.com/investing/2020/09/18/reports-of-google-.... I haven’t seen Fiber numbers broken out specifically, but the “Other Bets” segment which is mostly Fiber and Verily looses about $900 million per quarter.