Alphabet has a wide range of standalone moonshot companies that include Google X and Google Life Sciences. Google X is a super secret
However, this arrangement keeps in line with what Google has been trying to do over the past couple months, trying to show Wall Street that it has the ability to corral some of its high costs for areas outside of its core online advertising business while also offering a more sustainable goal for innovation in the future.
In the beginning of the year, former Morgan Stanley CFO Ruth Porat was hired as Google's new CFO in order to help the company improve its relationship with its investors on Wall Street. Porat has been touting the need for "ongoing expense discipline" for a while now, which could sound boring to Google users but is basically the sweetest thing an investor can hear.
What people need to understand is that this new decision isn't one that was made to cripple the most ambitious projects at Google but is, in fact, designed to ensure that each one of these projects is self-sufficient and able to stand alone as its own business while surviving independently. This could also mean that each of these Moonshot businesses could be spun off at a later date.
There is definitely a lot of interesting things happening over in the Google camp, but they all seem to be pretty positive. Hopefully, this move by Google appeases investors and allows the company to really start innovating and creating even more things for the future.
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