Founder who sold startup to Google says G has lost its mission, is mismanaged
cnbc.com
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Revenue ....... : US $282.8 billion (2022)
Operating income: US $ 74.84 billion (2022)
Net income..... : US $ 59.97 billion (2022)
Total assets .. : US $365.3 billion (2022)
Total equity .. : US $256.1 billion (2022)
(Source: wikipedia/alphabet)I remember IBM from the 1980s. They were so fascinating to watch as a consumer company. Personal Computers, PC-DOS and a Chess Program - that's all I mostly knew them to be. I thought they were great!
Suddenly, they vanished. Yet, still to this day... they employ more people worldwide than Microsoft or Google (source: Wikipedia).
As endUsers we have expectations of companies. In our minds, we limit them to Search or Online Videos when in fact, they can be doing so much more.
The appSheet creator? I don't know what his expectations were. These expectations might have been selfish (ie; focused only on his immediate needs. A sprinter in a company running a marathon.)
Google is doing pretty well financially - it seems to me. It is a multinational and a leader of several tech sectors.
Maybe they are not in the business(es) lots of people think they are. Maybe they're just in the business of making money and in the process building (mostly) better solutions than their competitors.
Maybe decision making isn't done by looking at the next few weeks but by looking at the next several years.
Second, yes, media contacts can answer the phone and provide a prepared statement for certain news which makes it an instant response.
Even a response of "let me get back to you" upon receiving a request is at least a response. That pretty much infers that you've caught your contact unawares and they need to get up to speed. So instead of looking out of touch, these contacts just let voicemails, emails, texts/chats go unanswered providing a bit of plausible deniability of sorts. Better to say nothing than the wrong thing.
Often "immediately" means something different than the literal definition too. I.e. it's a super safe way to say "they may have actually responded sometime since we asked, but not in time to be included here."
It's not _great_ journalism but it is transparent.
Writers for major outlets are sending emails the night before publishing a critical story in the morning, then responding slowly enough to the eventual reply that by the time they issue a confusing correction or addendum, they've already squeezed all of the juice out of the story they're going to get and everyone has moved on.
Google Research produces the seminal paper on Transformers - only to see others pick up their work and run with it.
Android is losing market share.
Stadia flopped.
ChromeOS is on life support.
Search is subjectively getting worse (albeit still insanely profitable).
Google Cloud market share is nowhere near AWS or Azure.
The whole company feels like it’s frozen in time.
Is the take away that they should have hidden it, or just that they should have come up with ChatGPT first? Would the researchers who came up with it have worked there in the first place if they weren't allowed to publish?
There are lots of copyright issues up in the air and going through courts now with generative models that Microsoft is able to presumably insulate from by delegating to an under-capitalized (relative to potential liability) startup. Especially if lots of their investment into that startup is non-transferable Chuckee Cheese tokens (Azure credits) that disappear as a liability to MS in an OpenAI bankruptcy.
If they ran around worried about "let's sacrifice profit to keep random people we accidentally overhired happy from a moral perspective", they would little by little seize to exist (and piss off their entire "profit-focused" board of directors, shareholders, etc.)
They most likely over-hired, like almost everybody else during COVID.
Why do they deserve criticism for laying people off instead of "praise" for offering 150,000+ people "good" high paying jobs?
https://www.macrotrends.net/stocks/charts/GOOG/alphabet/numb....
I don't think it's a realistic view to say "they should sacrifice their profit to keep people on board".
So what is a realistic expectation? 10 years? 5 years? 18 months?
It'd be pretty unfortunate for a company to hire you and then lay you off within 3-6 months but... to hold it against the company as if they should've treated you better instead of looking out for themselves is a pretty weird way to walk through life?
If it was a surprise to everyone, that's just the breaks.
I recognize "it's all business" but if either of said businesses are boasting "we have the best culture and our employees are like family" then dawg, it's not just about business anymore.
No, it's not. It's a business deal that benefits both parties. Nothing more.
It isn't like Google's advertising model was a secret or difficult to envision where it was going.
If that wasn't a problem when you sold out, why is it a problem now? Or if you were already worried about this, why'd you sell to Google?