Former Google CEO Eric Schmidt, who has since moved on to greener and perhaps more dangerous pastures, told an audience of Stanford students recently that “Google decided that work-life balance and going home early and working from home was more important than winning.” Evidently this hot take was not for wider consumption, as Stanford — which posted the video this week on YouTube — today made the video of the event private.
Yeah and they make ad revenue hand over fist. So anything else is just “experimental” to them aka a cost center. Since they don’t commit to these side products they don’t become profitable and inevitably get cancelled.
Also the ads are just so obscenely profitable that anything else will always just be a small side project. Google ad revenue is $200 billion/year.
If a new product has revenue of $500 million/year it’s still peanuts that are just a distraction and can be canceled with zero impact.