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It’s worth taking the time to read through this whole piece. Gary’s take is a lot more nuanced than a lot of the comments/replies suggest. Still, for those who read better in tweets, I’ll pull out some of the key points and sprinkle in a bit of my own editorializing. Thread:https://twitter.com/GaryMarcus/status/1161690752524550144 …
just a brief ps that loss is technical accounting term, used in Alphabet’s own report (which I link); i do note that they can be thought of as investments.
Acknowledged. I think it was the use of the word “losses” in the headline, more than the actual content of the piece, that seemed off to me.
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