Larry Page is making huge bets on new technology
But while the company still earns the majority of its revenue from advertising, during his tenure Page has helped to diversify the business. Notably, YouTube is expected to generate nearly $6 billion in revenue this yearMaybe I am being pedantic but aren't revenues from Youtube also based on advertising?To the broader point though, why aren't more investors also putting money toward these "moonshots?" Is it because they don't have the liquidity to do it? Do they cost too much for the risk? If that were true then the Google's investments would be widely panned rather than held up as "making the right bets" as this article mentions.It seems like these "singularity" technologies are the types of things that valley investors would be all over.