Business Standard

For Big Tech companies, having endless money can hold them and us back

Many smaller tech companies also fear that tech giants are hoard­ing talent because they can

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Photo: Reuters

Shira Ovide | NYT
Amazon has more than 800 people working on what sound like videoconference gadgets on wheels, but it isn’t sure that customers want them.

Apple has spent nearly a decade and untold billions of dollars starting, retreating from and repeatedly reworking a project to develop a car that may never hit the roads.

Google and Facebook continue to spend billions buying and building fancy complexes when no one is confident about the post-pandemic needs of in-person office work.

We want successful companies to tinker with expensive projects, even if they don’t pan out. Wandering and stumbling is how invention happens. But that may not

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