You’ll get no argument from me. I’m just saying it is to be expected. Especially if there is no competition. I’m not even convinced if there was another entity that could compete with them would make any difference.
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The problem with Welch and the problem with so many of today’s tech companies are the same, but you misstate what it is.
When the fundamentals of an economy are not all that strong,
but a bunch of helicopter money gets dropped into it
many corporations become venture capital firms (or lenders in the case of Welch.)
. . . long-winded example deleted. . .
Now look at Google, from a search engine/advertising, to a browser, to mapping services, to Android “Google Phones” to virtual reality headsets (I guess that one failed because a LOT of the layoffs are in that section), to self-driving Waynmo cars, to AI Chatbots.
Little different than if Ford Motor invested in a vinyl siding company, or if Boeing Aviation started its own pet food and underwear company.
Google’s current leadership is not at all the people who built the company. They are not good at doing anything in particular (like creating an innovative search engine) and instead want to play shark tank. *“Oooh looking at me I am mister powerful-investor guy. If I read something in the headlines I throw money at it and I get to decide who gets it and who doesn’t.”
- Sundar Pichai (Google CEO) should resign and become a venture capitalist just like he thinks he is and
- Jack Krawczyk (extremist PC/Woke chair of the Gemini project) should never work for anyone ever again unless his job involves asking “Would you like fries with that?”
-and- - I dunno if the government should have a hand in it, but google should breakup into its various divisions
