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Why would they close it if they're running it for breakeven / profit?
by givemeethekeys 3y ago
Why would they close it if they're running it for breakeven / profit?
- quickthrower2 3y agoGoogle makes so much money that the attention on it is probably more expensive than what it makes. They could have sold it. But maybe it is worth more for the stripped assets.
- eddd-ddde 3y agoCost of opportunity? The same money used elsewhere was probably calculated to render more profit.
- 0cf8612b2e1e 3y agoRandom site[0] claims that Alphabet has ~$120 billion cash in hand. Methinks the incremental extra cash of a daycare closure is not going to make a new business opportunity materialize. [0] https://www.macrotrends.net/stocks/charts/GOOGL/alphabet/cash-on-hand https://www.macrotrends.net/stocks/charts/GOOGL/alphabet/cas...
- willcipriano 3y agoSignal to investors they are making the "tough calls" to boost the stock.
- CydeWeys 3y agoGoogle Domains was canceled even though it too was profitable. At some point if a line of business isn't making literally billions of dollars it might be on the chopping block to yield a leaner overall company. And sometimes your numbers can look better if your profit margin goes up even if your absolute profit goes down. A daycare is never going to have the marginal profit margin of, say, selling more ads.