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I agree with the sentiment.

Experimental culture is inherently risky though, and risk is not something you want too much of as a public company as your shareholders can and will be very loud.

They do still experiment but in their R&D divisions so as to shield their cash cows from risk as well as to be able to better conceal how much money they’re pouring into moonshots so as not to spook investors.

Waymo is the most recent moonshot I can remember going out of Google X, and they’re arguably a leader in the space. There are other projects in the works, and many more failed ones.

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