Re:Google Poly is shutting down
by blevin on Wednesday December 02, 2020 @12:21PM
(#25278703)
These resemble portfolio hedging bets on potential future paths of technology playforms that could affect their ad biz. Google seems to buy a spread of small bets with several-year expiry and high convexity (i.e. big payout if equilibrium shifts in that direction). I suspect a number of these come out of discussions anticipating what could be next after mobile.
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