Although Google has every intention to make plenty more money by developing new projects such as driverless cars, web-linked glasses and more, it is having the opposite effect at the moment. Investing so much money could mean that they have a huge revenue in the future, but for now, they are spending more than previous years.
Investing isn’t the only thing that is taking up a lot of money – Google is also spending a ton of cash on advertising their new projects. However, the company definitely seems to be expanding and getting the deals it wants, after recently securing a deal to sell wireless service in America. But with expenses for operating the business increasing more than 30%, the extra profit could simply be used up in new investments.
The web-linked glasses which hit the news and had Google fans raving have recently stopped being sold, simply because the firm does not believe the idea has a lot of potential. Many people could not afford to buy such a product, meaning that the target audience was very limited.
Lizzie Robinson has been writing professionally since 2011, when she discovered a love of cars. She has an interest in writing about cars and other vehicles, especially since her father spent his life working in the auto trade.
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