Re:Google Cloud reported an operating loss of $5.6B in 2020
by belter on Sunday August 01, 2021 @06:11PM
(#28030616)
"The increase in operating loss in both periods was driven by an increase in total expenses of $5,103 million from 2019 to 2020…Operating expenses increased primarily due to compensation expenses (including SBC), largely driven by an increase in headcount. Additionally, data center and other operating costs increased in both periods."
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Re:Google Cloud reported an operating loss of $5.6B in 2020
by lumost on Sunday August 01, 2021 @06:42PM
(#28030877)
This may not be a bad financial investment if the effect is to centralize internal google infrastructure investments under the "cloud" banner e.g. If google requires a Tier-1 cloud service for their operations but cannot use an alternative cloud for strategic reasons.