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by corpus
3612 days ago
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The people complaining about this better not be the same Thiel worshippers who constitute most of the Google hate here. Thiel criticizes Google/Alphabet for hoarding any cash at all. A true technology company re-invests all its excess profit. This "loss" corresponds to less than 7% of Google's gross profits in the same quarter. |
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But idiotic jabs on the fact that long-run investments in R&D haven't paid off immediately are pathetically stupid.
Do I contradict myself? Very well. No I don't!