4 ms·

Is Google drunk? Thats $4B in basically two weeks on unproven companies.

• bhouston 13y ago
  Nest is available in every Home Depot, and fairly prominently. It has a product and it must have sales to some degree. Deep Mind on the other hand...
• kordless 13y ago
  They have an assload of cash on hand and the singularity is coming at us like a freight train. I'd think they were drunk if they weren't snatching up everything relevant in sight.
  • jackgavigan 13y ago
    > They have an assload of cash on hand... I wonder if they managed to pay for DeepMind out of funds that are "stuck" offshore (i.e. earnings from outside the US that can't be repatriated without incurring a big tax bill).
    • andyjohnson0 13y ago
      Probably. Deepmind is a UK company based in London.
    • LandoCalrissian 13y ago
      I never even considered that, probably very true.
  • Beliavsky 13y ago
    "They have an assload of cash on hand" Companies with excess cash are supposed to pay dividends and/or buy back stock.
    • 127001brewer 13y ago
      I think it's debatable based on your view of a company's purpose: is it to serve its stockholders or is it to serve its customers?
    • maerF0x0 13y ago
      Plus, as buffet teaches, its better to reinvest the dividends. Unless the shareholders think they can do better than the management, in which case they're free to divest.
• reality_czech 13y ago
  Google isn't drunk-- it's just Buzzed. It will be fine to self-drive itself home.
• ollyculverhouse 13y ago
  Unproven to who? You?