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Disclaimer: I do not hate Google; I use their search and email daily. I hate to be this guy, but... > OK so you’re probably thinking wow! That’s a lot differ
by joering2 13y ago
Disclaimer: I do not hate Google; I use their search and email daily.
I hate to be this guy, but...
> OK so you’re probably thinking wow! That’s a lot different from what Google does today.
Not really. Google is in a business of selling ads. In addition, they do make money on selling/sharing/exchanging information, mostly indirectly.
> But as we explained in our first letter to shareholders, there’s tremendous potential for technology more generally to improve people’s lives.
.. and shareholders did not care about that. If you own shares of a hospital chain then you may care. But when you hold shares of Subway, Coca-Cola or Google, in those particular markets you care less about people's lives. You care about bottom line.
> So don’t be surprised if we invest in projects that seem strange or speculative compared with our existing Internet businesses.
We are not surprised. But since you sun-setting pretty good, useful projects like Google Reader, and you taking Jobs advice of "stay focus on only couple [most profitable] projects at the time", we ask: "where is the catch and how you gonna make money _otherwise_ than selling info or exchanging it?"
Just recently I have cancelled my 23andme kit (they gave me some hardtime though and never fully recovered the fee (taking legal action is simply not worth the $)), because after doing some research I found it that 23&me owner is family with Brin. There is no chance in this world you will tell me Google will not try to make money off of my DNA this or another way)
http://www.crunchbase.com/company/23andme http://www.crunchbase.com/company/23andme
- cromwellian 13y agoGuilty-by-association and paranoia. Check. (23andme is not owned by Google and I'm pretty sure their T&S/privacy policy and HIPAA cover what can be done with your personal records) Obligatory and irrelevant Google Reader reference. Check. Right, the world would be better off if Google spent more time investing in yet more social sharing web app features, and not on reducing high way fatalities or increasing health. Missing. No mention of PRISM.
- brymaster 13y agoGoogler drunk on company koolaid. Check.
- cromwellian 13y agoAd-hominem. Check.
- lkbm 13y agoI'm a shareholder. So are many of my friends. None of my friends are homo economicus, even qua investors. As much as we love earning more money, we also care about other people. We also like when the companies we part-own aren't evil. As for the fact that 23andme's founder and Brin are married...you do understand the marriage of two CEOs does not equal the merger of companies...especially when the CEOs don't own the companies.