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NewYorkRush@lemmy.ca to Technology@beehaw.org · 2 years ago

What would be the long-term impact on the internet and society if Google were to completely fail?

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What would be the long-term impact on the internet and society if Google were to completely fail?

lemmy.ca

NewYorkRush@lemmy.ca to Technology@beehaw.org · 2 years ago
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  • Deemo@lemmy.fmhy.ml
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    2 years ago

    Second question would the US gov consider google “to big to fail” and just inject a ton of money to restore it (or give enought time to break it up)?

    Kinda curious 😉

    • WarmSoda@lemm.ee
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      2 years ago

      They absolutely would be bailed out. No question.

    • 14th_cylon@lemm.ee
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      2 years ago

      it is far more likely that when the time comes google will buy us government, than the other way around :D

      this headline was making rounds in 2011

      Apple now has more cash than the U.S. government

      • http://edition.cnn.com/2011/TECH/innovation/07/29/apple.cash.government/index.html


      according to this, alphabet has over 100b of cashcash reserve. i don’t think they are going bankrupt anytime soon

      • https://www.macrotrends.net/stocks/charts/GOOGL/alphabet/cash-on-hand
      • Dankenstein@beehaw.org
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        2 years ago

        Buying the government (if doing so was even possible) means they need to furnish it’s debts.

        Even if a company was willing to to undertake such a burden, nobody makes more money than the government, it just doesn’t have much reason to hold onto any of the cash it collects.

        Besides, they can just print more.

        Edit: that’s not to say it isn’t hilarious

        • Rentlar@beehaw.org
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          2 years ago

          I wonder how much the Federal Reserve printer costs.

          Asking for a friend that wants to make an infinite % return on investment.

          • Dankenstein@beehaw.org
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            2 years ago

            You can stop by the Federal Reserve and pick one up

        • Quokka@quokk.au
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          2 years ago

          Buying the government is so easy. You can get a politician in your pocket for a only few grand.

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