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Thiel: Google has $50B, doesn't innovate

CNN · interview · Watch on YouTube

Tech industry & business modelsTech pioneers & interviews

What it is

A short CNN clip of Peter Thiel telling Google chairman Eric Schmidt that Google has huge cash reserves and does not know how to invest them. Thiel argues this signals a lack of innovation.

Why Hacker News recommends it

HN reaches for it whenever big tech cash hoarding, buybacks or stagnating innovation come up.

  • 2 people recommended it
  • 2 different months
  • 0 strong recommendations
  • first 2017, last 2023

What HN commenters said

  1. “There's a great Peter Thiel clip about this that sums it up very well”

    Clip summing up why big companies shouldn't hoard cash.

    alexashka, 2017-09 · Recommendation · in “People Don’t Actually Want Equality, They Want Fairness”

  2. “I strongly encourage you to watch the 4 min clip.”

    Thiel calling out Schmidt's Google on innovation.

    heimatau, 2020-09 · Recommendation · in “Ex-Google boss Eric Schmidt: US 'dropped the ball' on innovation”

Excerpts from Hacker News comments, linked to the originals. Summaries and labels were written by a language model from those comments.

Topics: peter thiel, google, cash hoarding, innovation, eric schmidt

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