It's not odd, this is how big capital extends itself into the future. Alphabet and Amazon are giant tech conglomerates that have been doing this for years. Alphabet bought Youtube, Android, DoubleClick, DeepMind, Maps, etc. Plenty of things, and maybe the best things people think of when they think of Google are actually bought from the marketplace and integrated into the giant.
They buy whatever they want that might help their cause. This quarter alone Alphabet's free cash flow is $22B. This is a small bet for them. Why wouldn't they spend a small fraction in a key area for them?
They buy whatever they want that might help their cause. This quarter alone Alphabet's free cash flow is $22B. This is a small bet for them. Why wouldn't they spend a small fraction in a key area for them?