5 comments

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  erik

  2 years ago

  This could definitely be very exciting - but how much cash is Google sitting on? They've spent quite a bit already.
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  Sid Yadav

  2 years ago

  Erik,
  You have a good point. Recently Google also made the announcement that they'll stop releasing new products and start developing the existing ones. This may have a lot to do with the fact that they're overloaded, but I think it has its own financial side to it.
  
  Although, it's notable that their shares are now on $420, gone up $8 in the last day alone -- see the effect a YouTube rumor has on people? ;-)
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  Erik

  2 years ago

  I hadn't heard their announcement to focus on current products instead of new ones. I have read many articles on the lack of success for almost all of their products - a little focus and a big push could go a long ways. They've had some recent updates, ie Reader, that has shown some great improvements - I'm looking forward to many more.
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  mark

  2 years ago

  Erik, Google is worth in the hundreds of billions. They're clearly wealthy if they can buy YouTube outright :)
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  Erik

  2 years ago

  I was thinking this was going to be another cash expenditure like they've done with some past billion dollar deals. The stock exchange makes a lot of sense and certainly provides Google with all sorts of buying power.
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