Avery Schumer
All posts from Avery Schumer
Avery Schumer in Sector Report,

Recode: Google's Secretive Moonshot Factory Is 'Struggling To Get Products Out The Door'

Alphabet Inc 's secretive "moonshot factory," also known as Google X, is "struggling to get products out the door," at least according to Recode's Mark Bergen.

Bergen noted Google saw several key executives leave Google X as of late, and the exoduses have been credited to a combination of red tape and "knotty" internal politics. Furthermore, many projects once highly anticipated have seen their excitement wane.

For instance, Google's self-driving project is now 7 years old and accounted for most of the budgeted $1 billion-plus yearly budget for the X division. In addition, the Google Glass was the "much-hyped" wearable that "fizzled" rather quickly.

Full story