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by wutbrodo 2436 days ago
> They are continually sold to new owners because nobody knows how they can generate a profit.

They were founded in 1992, were bought by Google and then sold to Softbank. I don't think that qualifies as "continually sold", particularly when the buy-and-seller was Google. I'm not as negative on Google's acquisition strategy as many here, but Google selling companies a few years after acquisition is hardly unheard-of.

1 comments

Fair point, the way I said it exaggerated the issue. But I still think any company sold more than once has an issue. Boston Dynamics was first sold to Google, and then sold to Softbank - so they meet my criterion.
As far as I understand, the reason why Google sold Boston Dynamics was not because it wasn't able to make a profit, but because the obvious way how it would make a profit - military contracts - were not considered strategically acceptable.
Except the military rejected Boston Dynamics for being too loud - I'm not sure of the timing of that decision though so that very well may have been determined after Google sold Boston Dynamics.

Also this reason rings hollow with some of the other stuff Google has attempted with doing business in China.