[outworlder]

> I don't think it's right to equate R&D spending with "losses".

I was baffled by that. Is this just because they called it "Other Bets" instead of plain old boring R&D?

If anything, that would make me want to buy Alphabet stock. We need more companies willing to invest on "moonshots", as the article calls it. We need to get back to the Xerox PARC times.