Money / Idea / Ideas / Business / Alphabet / Google / Loon / Wing / Other Bets / Waymo / Nest / GOOG

Alphabet says Loon and Wing are ready to become real businesses, but it's impossible to know if any of its 'other bets' are paying off

Posted On: Jul 12, 2018   |   Posted By: Business Insider

Alphabet says Loon and Wing are ready to become real businesses, but it's impossible to know if any of its 'other bets' are paying off

Jeff Chiu/AP
Alphabet announced that Wing and Loon, two projects developed by its X research lab, have now graduated to being full businesses in its "other bets" category.
The move means the company thinks their technical problems are solved and it's time for them to develop as businesses.
That's potentially good news for investors, but it's hard to know just what to make of it.
Collectively, Alphabet's other bets have been losing billions of dollars each year and dragging down the company's earnings.
But because the company offers no details on the individual results of its other bets companies, it's impossible for outsiders to assess which have potential and which are dogs.
Loon and Wing can no longer be considered loony or wing nut ideas.
Now, whether either of them will ever make any money for parent company Alphabet, or were worth what it invested in them is still anyone's guess. See the rest of the story at Business Insider NOW WATCH: This conveyor belt can move in any direction See Also: The company...

Continue reading ...

 






The last Posts from Business Insider



Welcome to Georgia

Welcome to Georgia

Georgia – Tbilisi has been the capital city since the fifth century, the country of one of the most ancient histories and cultures in the world. Its special geographical... Read more ...

New video of the Thai soccer team shows them thanking their rescuers and...

New video of the Thai soccer team shows them thanking their rescuers and wishing for their favorite foods, including BBQ pork and KFC

Screenshot/Channel News Asia The 12 rescued members of a Thai soccer team and their coach who were rescued from a cave last week have recorded thank you messages. The video was... Read more ...

Brutal chart shows how much more efficient France was than Croatia in the...

Brutal chart shows how much more efficient France was than Croatia in the World Cup Final

Matthias Schrader/AP France's offensive attack was far more efficient than Croatia in the World Cup Final, and it proved to be part of the difference in the win. Croatia took... Read more ...

19-year-old soccer star Kylian Mbappé just helped win France the World Cup...

19-year-old soccer star Kylian Mbappé just helped win France the World Cup - here's what you need to know about him

Laurence Griffiths/Getty Images 19-year-old Kylian Mbappé became only the second teenager in history to score in a World Cup final on Sunday as he helped France beat Croatia... Read more ...

Brilliant Mbappé, insane Varane, and a Floyd Mayweather spirit - This is...

Brilliant Mbappé, insane Varane, and a Floyd Mayweather spirit - This is everything you need to know about how France won the 2018 World Cup

Getty Images France has done it. France is the 2018 FIFA World Cup champions. Fate handed the French a gauntlet run of juggernaut knockout opponents but Les Bleus found a way... Read more ...

Trump, guarded by snipers, golfs at his course in Scotland before his big...

Trump, guarded by snipers, golfs at his course in Scotland before his big meeting with Putin

AP Photo/Peter Morrison President Donald Trump went golfing at one of his resorts in Scotland over the weekend, ahead of his big face-to-face meeting with Russian President... Read more ...

Judicial appointments in Europe rarely provoke the kind of battle that is...

Judicial appointments in Europe rarely provoke the kind of battle that is likely to play out now in Washington

Trump 's conservative Supreme Court bench, which would be completed by his nomination of Brett Kavanaugh , could overrule Roe v. Wade , eliminating women's constitutional right... Read more ...

Formula E Storms A Wet New York City 

Formula E Storms A Wet New York City 

It was a hot and dry day on Saturday for the first of Formula E's double header races in New York City this weekend, and it turned out to be an eventful day. As the NYC race... Read more ...

I asked 3 sex and relationship therapists to demystify infidelity, and their...

I asked 3 sex and relationship therapists to demystify infidelity, and their answers will make you think differently about cheating

Rawpixel.com / Shutterstock Sex and relationship therapists say infidelity is more complex than most of us are inclined to believe. For example, couples can sometimes find... Read more ...

Sunday's Best Deals: Calvin Klein Underwear, Noise-Canceling Headphones...

Sunday's Best Deals: Calvin Klein Underwear, Noise-Canceling Headphones, Mesh Routers, and More

Pick up deals on Calvin Klein underwear , noise-canceling headphones, mesh routers , and the rest of today's best deals. Read more ...

Refresh Your Underwear Collection With This Calvin Klein Sale

Refresh Your Underwear Collection With This Calvin Klein Sale

If it's time to restock your underwear drawers, pick up a couple of things from this Prime-exclusive Calvin Klein sale. Everything is up to 50% and it includes stuff for men... Read more ...