Finally from Google founders: this kind of unsustainable and irresponsible financially CAPEX investments into the products which do not work and do not wanted is very precise indicator of BUBBLE ready to burst.
What developments have turned unstoppable we-will-fix-everything guys to more sober state of minds? Slowing monetisation efforts, ADs cut back due to click fraud and economy slow down or just common sense? This earnings release will be very interesting!
"Google (GOOG) leaders told their engineers to stop focusing on launching a dizzying array of new services, and concentrate on making sure the existing ones work. "I was getting lost in the sheer volume of the products we were releasing," said co-founder Sergey Brin. The Internet search giant's Web sites offer more than 50 products in various stages of development, from digital maps to a search engine for mail-order catalogs. "They created a bunch of crap that they have no idea what to do with," said Rob Enderle, principal analyst of the Enderle Group. (Los Angeles Times, free registration required)"
http://finance.yahoo.com/columnist/article/business/10534
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