This may be the first time I get to say “I told you so”. In August, I predicted that the creation of the holding company structure at Google would lead to the eventual shutdown or sale of various high concept pieces of Google.
It’s begun.
Today, Alphabet announced the free spending days are over. “The fiscal discipline era has now descended upon everything” says Tony Fadell, whose Nest was purchased for over $3 billion in what the company may now refer to as the “drunken sailor era”.
GOOG is also seeking to sell Boston Dynamics, the maker of spooky humanoid robots and even spookier videos of humans beating up said robots. It makes me fearful of the coming robot apocalypse. Although not as fearful as the potential Trumpocalypse, now trending at 2 of 4 horsemen at website Slate.
We should expect more from Alphabet in this vein. Entrepreneurs seeking to sell their companies to Google for 3,000x revenues have probably seen the window close. The loss of free Odwalla can’t be far behind.