It strikes me that the risk of this massive investment is that the returns may not be as dramatic as currently believed. historically, Microsoft and Google were asset-light firms, a key feature to their performance. but investing $181 billion doesn't feel that asset-light which may mean a different future path for earnings during a slowdown.
It strikes me that the risk of this massive investment is that the returns may not be as dramatic as currently believed. historically, Microsoft and Google were asset-light firms, a key feature to their performance. but investing $181 billion doesn't feel that asset-light which may mean a different future path for earnings during a slowdown.