Comment by MrWiffles
6 days ago
With high resolution cameras, indefinite data retention and third party data leaks being a matter of when, not if, this seems like a perfect way to get your fingerprints stolen by organized crime syndicates worldwide. If not next year, then in 5-10 years. And when they get used for “something”, what happens when you go on vacation somewhere and you’re detained at that country’s border for a crime that happened N years before your very first entry into that country ever happened?
With as many Ph.D.s as there are at Google, you’d think they’d be smarter than to come up with this. Which is how you know the PMs are in charge, not the smart people.
I wonder if anyone has thought about what happens if and when Google (or others) gets bought out.
No firm lasts forever.
It is not possible to buy a 4 trillion public company
AOL used to be a US$ 200B public company, it was acquired by 4.4B.
Sun, Lucent, Yahoo all had massive valuations at their peak but eventually dwindled and got acquired.
It's always possible for a massively valued company to stumble, fall, and become a husk of what it once was. I don't think Google/Alphabet is immune to this even though their absurd cash cow from ads make it very unlikely at this exact moment.
I'm struggling not to be sarcastic here, as I'm not quite stoked about Canadian Tire owning most of what's left of Hudson's Bay Company. It's pretty undeniable proof that age and revenue will not make a company immortal or invulnerable though.
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Even if the purchasing entity is backed by a foreign country?
Valuations are not permanent. Amazon dropped 90% during the dotcom bubble. And there is always another financial crisis coming.