Google Makes So Much Money, It Never Had to Worry About Financial Discipline—Until Now
“Critics, including more than a dozen former top Google executives who spoke on the condition of anonymity because they signed nondisclosure agreements, describe a company having trouble balancing innovation and its core business, search advertising. Over the 12 months ended in September, Google’s ad business accounted for 89 percent of Alphabet’s revenue, or $76.1 billion. As one ex-executive puts it, ‘No one wants to face the reality that this is an advertising company with a bunch of hobbies.'”
Alphabet’s CFO Ruth Porat wants to bring focus to Mountain View. Can the moonshot factory adapt?
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