Wait you mean a for profit company's goal is to maximize profit?
We need to stop pretending Google is a rich Mozilla, They're a poor Microsoft.
We need to stop pretending Google is a rich Mozilla, They're a poor Microsoft.
http://ycharts.com/companies/MSFT http://ycharts.com/companies/GOOG
That's why Twitter, which is a tiny company with no profits and probably not much more growth potential, has a higher market cap than some insurance companies an retail chains with good growth, real money and solid long term market potential. "Feelings".
"What about Facebook? What about Twitter? I have no idea what Twitter is good for. But if it flips out every tyrant in the Middle East, I'm interested."
I guess it's just pretty hard to allocate resources in the traditional sense that most people are used to because of leverage that companies like google can provide, but people try anyways.
All in all, I think google is just trying to increase confidence from advertisers in it's content network.
[0]: http://www.cfr.org/technology-and-foreign-policy/technology-...
Which is hardly to say that you can unload the entire company at that price, or that it'll last, but it's a step above mere 'feelings'. :b
Meanwhile Google has done terrible things including ripping off bandwidth providers, and not to mention they hold a monopoly on search. conspiracy theorists seemed ill concerned on one organization responsible for answering all their web queries. could go on about outsourcing of jobs, h1b visas, causing a recession, etc etc.
not that any of these companies are 'evil' or even 'wrong' in my eyes, but why do others treat tech companies with such endearment and throw so much hate at a handful of other companies?
we're thinking geography has a lot to do with it. Many influencers on the east and west coasts know a lot of people that work in these companies, and write very positive things about them. not completely altruistic, as they are also heavily invested in them.