The going is not good for Google's other bets
Last Modified: Sun Jun 12 2016 17:46:31 GMT+0530 (India Standard Time)
The combined losses in 2015 of the “moonshot” (non-Google Search and Advt) businesses on revenue of just $448m.
bosses stepped down recently - Tony Fadell, of Nest, which makes wireless thermostats and other “smart home” devices and Andy Rubin, who ran the company’s robotics business.
profits made last year on revenues of $75 billion generated by the core business. The losses of the "other bets" is therefore not a major concern for Alphabet!
Posted by Yatin Dhareshwar in Business & Industry
Source The Economist