Yeah, Thiel is hand picking an argument. Google grew that $50B in like 2-3 quarters. So, it's a stretch to say Google stopped innovating because of that. The truth is, it is very hard to spend $50B wisely and most companies just acquire. And Google could be saving up for some larger acqusitions.
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(Old Spike)
Yeah, Thiel is hand picking an argument. Google grew that $50B in like 2-3 quarters. So, it's a stretch to say Google stopped innovating because of that. The truth is, it is very hard to spend $50B wisely and most companies just acquire. And Google could be saving up for some larger acqusitions.
But fun to watch.