The one chart you need to see about Google's most ambitious projects
Google just posted some tremendous financial results, causing shares of its parent company Alphabet to surge more than 5 percent and surpass Apple in market cap to become the world's most valuable company. But one big question on everyone's mind is this: How well are the firm's moonshot projects -- such as the self-driving car and hovering Internet balloons -- doing? For the first time, Alphabet has released some information about its so-called "Other Bets," which include its X laboratory, Google Fiber, and a number of additional ventures. Here's the one chart you need to see to grasp where they stand. What this shows is that Alphabet is losing a ton of money on these initiatives.
Jan-18-2017, 12:15:06 GMT
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