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 ...

Indigo aircraft suffers tyre burst, makes emergency landing at Ahmedabad

Indigo aircraft suffers tyre burst, makes emergency landing at Ahmedabad

An IndiGo aircraft that was carrying 185 passengers made an emergency landing here Wednesday after suffering a tyre burst, according to an airport official. Read more ...

3 children and 3 adults wounded in early-morning knife attack at New York...

3 children and 3 adults wounded in early-morning knife attack at New York day care center

FOX 5 News Six people, including three children, are in New York hospitals with knife wounds, after an incident at a daycare in Queens at 3:40 a.m. on Friday morning. Police... Read more ...

Prince Harry got caught 'stealing' food at Meghan Markle's charity cookbook...

Prince Harry got caught 'stealing' food at Meghan Markle's charity cookbook launch, and he shot cameras a guilty smile

Ben Stansall / WPA Pool / Getty Images Meghan Markle , her mother, Doria Ragland , and Prince Harry attended a launch event for Markle's first solo charity endeavour since... Read more ...

A senior Deutsche Bank banker told management the bank should break itself up

A senior Deutsche Bank banker told management the bank should break itself up

Thomas Lohnes/Getty Images Deutsche Bank's former head of M&A in America presented a plan to break-up the bank to Deutsche Bank's CFO in April. The plan involved spinning out... Read more ...

Delta flight makes emergency landing as smoke emanates from brakes

Delta flight makes emergency landing as smoke emanates from brakes

A Delta Airlines flight made an emergency landing Thursday morning at John F. Kennedy International Airport. Smoke could be seen coming from the brakes as it arrived. Delta... Read more ...

Instagram's new TV service recommended videos of potential child abuse

Instagram's new TV service recommended videos of potential child abuse

Instagram; Samantha Lee/Business Insider Exclusive: Instagram's new TV service, IGTV, recommended videos of what appeared to be child exploitation and genital mutilation, a... Read more ...

UNESCO aims Chinese visitors with heritage European itinerary

UNESCO aims Chinese visitors with heritage European itinerary

The EU-China Year of Tourism is coming to close. However, that does not mean that the European Union is done with high-profile promotional initiations. The latest campaign... Read more ...

Nepal tourism sees 18.8% visitor growth in international arrivals

Nepal tourism sees 18.8% visitor growth in international arrivals

The Nepal Tourism Board Management can relax and should actually feel proud of their tireless work. A growth of 18.8% has been witnessed in international visitor arrivals to... Read more ...

Brett Kavanaugh is underwater in a new NBC/Wall Street Journal poll as a...

Brett Kavanaugh is underwater in a new NBC/Wall Street Journal poll as a sexual assault claim hangs over his Supreme Court confirmation

Win McNamee/Getty Images Brett Kavanaugh has been losing steam among voters in recent days, according to a new NBC News/Wall Street Journal poll . The survey said 38% percent... Read more ...

Amazon just introduced a new $50 Alexa gadget that can make any car smarter

Amazon just introduced a new $50 Alexa gadget that can make any car smarter

Amazon Amazon created a new Alexa device that can make any car smarter. The Echo Auto is a miniature smart speaker that mounts on your dashboard. The device is... Read more ...