Despite boasting a rich portfolio that includes intriguing ventures such as Google Fiber, smartphone developer Nest, and Verily, a life sciences company, these investments have done more harm than good for Alphabet.
While profits from these ventures totaled $188 million, according to Alphabet’s second-quarter earnings report, they have also generated significant losses in excess of $800 million.
Read more here:
http://www.wired.com/2016/04/googles-parent-company-losing-even-money-moonshots/
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