McBain
Player Valuation: £80m
Sidebar for sec.
Back up there Brucey.
So what you are saying is that a company that made 9 billion clear profit, and only then spent $1.69 billion on 'experimental' or 'risky' key word businesses, should have the Tax Payer pay for its other businesses?
Please Explain this unusual position.
x
Quite right. I think Google is a good thing too, which is why I think it's only right that society should subsidise their activities as well.
Back up there Brucey.
The earnings release spelled out the cost of running mostly experimental businesses that aim to do everything from eliminating the human driver to curing cancer. Those operations posted an operating loss of $1.69 billion ($US1.2 billion) on revenue of $212 million ($US151 million) in the final three months of last year.
Google, meanwhile, produced an operating profit of $9.57 billion ($US6.8 billion) on revenue of $29.83 billion ($US21.2 billion), driven by strong sales of advertising on mobile devices and YouTube.
So what you are saying is that a company that made 9 billion clear profit, and only then spent $1.69 billion on 'experimental' or 'risky' key word businesses, should have the Tax Payer pay for its other businesses?
Please Explain this unusual position.
x