Live data from Hacker News

Google Makes So Much Money, It Never Had to Worry About Financial Discipline

bloomberg.com

41–50 of 463 posts

Re: Google Makes So Much Money, It Never Had to Worry About Financial Discipline

#41

Contrast Google's old way of managing bets with Tesla. When Google started working on self-driving cars, they went about it academically. They did not plan a sequence of stepping stones that they could sell. They meant to have a product in an indeterminate future which should be immediately perfect and better than a human, essentially not needing a wheel. Tesla went about it with an engineering perspective. First, ca…

It also helps when you're already making cars, which Tesla was.

Re: Google Makes So Much Money, It Never Had to Worry About Financial Discipline

#42

Earlier quoted context omitted.

You must be a joy at parties. How is any of the data private when you willingly use their tools, sites, servers, etc? You open up google.com and type things in, what privacy do you expect? Or am I missing something you are referring to?

So you would have no problems with your cell service provider keeping records of all of your calls and locations and recording conversations in the room even when not on a call? Most people don't know what data google is keeping and monetizing.

Don't they do this already?

https://en.wikipedia.org/wiki/Room_641A

Re: Google Makes So Much Money, It Never Had to Worry About Financial Discipline

#43
post #29

Earlier quoted context omitted.

I don't buy it. Many companies are able to get the perks, culture, and autonomy right without being a multi-billion dollar company. It does enable Google to do certain things (like moonshot projects) that smaller companies can't do, but a lot of the perks I've seen are replicated in other companies. In fact, I think your comment "Google doesn't do what it does to be successful, it does it because it is successful" is…

I tried to clarify the wording. I'm specifically trying to call out the structure of Google's management and the general way they approach problems. For example, even within the profitable Google portion of the business, they often have many competing projects. There will be competing search features, competing chat applications, competing cloud services. Google will make big speculative bets or internally competitiv…

I don't disagree with your follow up. Thanks for the post.

Re: Google Makes So Much Money, It Never Had to Worry About Financial Discipline

#44

So many companies try to emulate how Google works. There are multiple books, hundreds or thousands of articles. People speculate on the perks, the review structure, the hierarchy, the autonomy. However, when other companies try to imitate Google they always fail because they're missing a crucial piece: Billions of dollars in ad revenue Google doesn't work the way it does to be successful. It works that way because it…

> Google doesn't do what it does to be successful. It does it because it is successful. Those things aren't mutually exclusive and almost certainly are both true

The most pointed quote in the article is “No one wants to face the reality that this is an advertising company with a bunch of hobbies.”

But without search, without Gmail, without Chrome, without Android, without the moonshots and all the "hobbies" Google's brand would wither, and its access to data at massive scale would be crippled, and its access to eyeballs would be curtailed, and the talent would walk. Others have built advertising businesses, but Google's dominance in advertising couldn't occur without the product mix.

Re: Google Makes So Much Money, It Never Had to Worry About Financial Discipline

#45

Google has a fundamental problem with solving challenging issues, especially those in the realm of physical "meat-space". Really hard problems, problems that might reveal that Google is not omnipotent, where Google might not succeed, Google pulls back from. In areas where Google is, Google dominates the landscape. In all others, Google does not deign to participate. If Google can't dominate a market, it is not intere…

You also see this behavior in FOSS, where all too often someone will decide to rewrite a piece of software from scratch essentially because they are bored of maintaining the existing implementation.

Re: Google Makes So Much Money, It Never Had to Worry About Financial Discipline

#46
That Porat person is a serious contender for buzzkill of the year. Google makes tons of money with ads and spends it on geeky experiments to try to push a futuristic envelope (and create an environments where they can sell more ads, like a self-driving car) we'll all benefit from eventually and she gets to be the person that locks the toys away because "financial discipline".

Re: Google Makes So Much Money, It Never Had to Worry About Financial Discipline

#47
post #29

Earlier quoted context omitted.

I don't buy it. Many companies are able to get the perks, culture, and autonomy right without being a multi-billion dollar company. It does enable Google to do certain things (like moonshot projects) that smaller companies can't do, but a lot of the perks I've seen are replicated in other companies. In fact, I think your comment "Google doesn't do what it does to be successful, it does it because it is successful" is…

He's not talking about the perks. He's talking about the design of the organization, beyond the culture. The structures, the roles, the processes. Autonomy is a value, but values only influence design.

[deleted]

Re: Google Makes So Much Money, It Never Had to Worry About Financial Discipline

#48

Earlier quoted context omitted.

Indeed, it's amazing how profitable vacuuming up users' private data without their informed consent and monetizing it can be.

> informed consent Sidenote, and completely off topic: Is there a non-high-horse way to word this? I understand the meaning, but the same phrase can be used to be completely dismissive as well. It's a potential moral high ground, where if you don't agree you must be uninformed. I'm not saying OP meant it that way, it just brought up the honest question from me.

I think it's medical/clinical. https://en.wikipedia.org/wiki/Informed_consent "Express permission" is also a little jargony but I think it avoids the problem you mentioned?

Re: Google Makes So Much Money, It Never Had to Worry About Financial Discipline

#49

Contrast Google's old way of managing bets with Tesla. When Google started working on self-driving cars, they went about it academically. They did not plan a sequence of stepping stones that they could sell. They meant to have a product in an indeterminate future which should be immediately perfect and better than a human, essentially not needing a wheel. Tesla went about it with an engineering perspective. First, ca…

Also, Glass was Brin going off script.

I wonder if he bought into the press likening him to Tony Stark...

Re: Google Makes So Much Money, It Never Had to Worry About Financial Discipline

#50
post #34
post #23

Earlier quoted context omitted.

I one spoke with a woman from the Netherlands who was surprised that these perks are not taxable. According to her, in the Netherlands perks like shuttles to work or company-provide food are taxable.

What if the company had a business meeting and lunch was provided?

IANADoNTL (I am not a Dutch or Norwegian Tax Lawyer), but I bet there's a ridiculously complex set of rules governing what constitutes 'taxable food'.
Post reply on HN