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Video of Eric Schmidt blaming remote work for Google’s woes mysteriously vanishes (techcrunch.com)

submitted 4 months ago by informapirata@lemmy.world to c/technology@lemmy.world

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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.

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[-] phoneymouse@lemmy.world 18 points 4 months ago

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.

[-] kalleboo@lemmy.world 20 points 4 months ago

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.

this post was submitted on 15 Aug 2024

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