Google Blew Nearly $1 Billion on ‘Moonshot’ Ideas Last Quarter
The audacious “other bets” being tested by #Google cost nearly one billion dollars last quarter, according to earnings released on Thursday.
Google lumps projects from its “X” lab, along with the life science-oriented Verily, #Nest and #GoogleFiber, into the “other bets” category in its earnings report.
The projects cost #Alphabet $859 million for the quarter ending June 30. That’s up from $660 million for the same period last year.