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This financial flexibility certainly helps, but Google is hardly the only tech company with loads of cash. Consider Apple. They have famously high margins and i
by jkn 13y ago
This financial flexibility certainly helps, but Google is hardly the only tech company with loads of cash. Consider Apple. They have famously high margins and insane cash reserves, projected to grow beyond $170 billion in 2013[1]. And to caricature a bit, they are dead focused on creating the most comfortable sofa browsing experience for rich people. This focus is good, it yields amazing products, but I do give Google credit for investing in such a crazy project as Loon, with the potential to benefit the poorest regions of the world.
[1] http://paritynews.com/business/item/847-moody-apples-cash-reserve-to-cross-$170-billion-by-2013 http://paritynews.com/business/item/847-moody-apples-cash-re...