said by travisc:
the reality is they're very likely not losing money.
Like any infrastructure investment of this nature, it does take ~15 years to get a return on investment so I'm guessing people who say Google is selling "at a loss" are forgetting about that.
Infrastructure is a labor-intensive long-term investment. There will be profit (unless Google screw themselves), it is just 10-15 years down the road.
If someone considers only the early months of infrastructure investments then every significant infrastructure investment ever made will look like colossal "losses" since the rewards are out of the time frame being looked at.