10-28-2017, 02:30 AM
http://www.dslreports.com/shownews/Alpha...ber-140608
Quote:Capital expenditures (CAPEX) for Alphabet/Google's “Other Bets” -- the unit that contains Google Fiber -- has dropped precipitously, reflecting a growing disinterest in funding the once well-hyped and disruptive offering. CAPEX for Other Bets during the third quarter was $77 million, down dramatically from $324 million in the year-ago period. Granted "other bets" also includes numerous other units like Nest, but the cuts come as Google Fiber continues to face questions about the company's dedication to the project, after numerous layoffs, the firing of two CEOs, and numerous missed deadlines and cancelled installs.