| reply to Mike
Re: Cities? said by Mike:Google was ruined because of this investor centered short term quarterly profit projections.
It used to be an innovation company. Now it's basically a giant advertising and data mining firm.
Google voting stock is controlled by its founders. So wth are you talking about? |
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 japPremium
join:2003-08-10
038xx | said by sonicmerlin:Google voting stock is controlled by its founders. So wth are you talking about? A reference to finance law governing publicly traded companies, I gather. Must justify individual projects as somehow profitable. Regardless of who owns the class-A stock if there is openly traded stock involved you have to conform to general investor expectations or risk suit. In the U.S. those expectations are controlled by exchange houses and myopic.
Google has definitely matured into maintainer-controlled status. Happens regardless of ownership, IMO. They had a long run as innovator/start-up though. Partly by vision of the founders, partly by virtue of their industry which was changing too fast to grow up. |
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