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There are definitely plenty of coasters at Google, but these kinds of investor statements are positively vapid. "Google spends billions per year on projects th
by blehn 2y ago
There are definitely plenty of coasters at Google, but these kinds of investor statements are positively vapid.
"Google spends billions per year on projects that go nowhere"
Isn't that exactly what VC firms do? Google would be unwise not to invest billions in many projects. Some of them will go somewhere and some of them won't. That's the nature of technology and R&D.
"all that money could have been returned to shareholders who have retirement accounts"
Over the last decade, Google stock is up 534% while the S&P500 is up 177%; Over the last year, Google stock is up 59% while the S&P is up 26%. Your investment in Google has done pretty well. If you think it's being managed that terribly as an investor, sell your stock and invest it somewhere else.