Tuesday, April 25, 2006
Nick talks about the Google float; ie, Google making $$ by earning interest by holding on to other people's cash.
It's a nice idea, but I doubt this is really a serious source of revenue for Google. Where it is is in the insurance industry, which is also the new media distribution
(so, you know, put 2 + 2 together).
As I understand it, 'the float' between receivables and payables, invested for short-term returns, is also the basis for the majority of Costco's profits.
As a sidenote, your 2 + 2 comment in this post, read right next to your last post on restriction of freedoms, may have been better put as 2 + 2 = 5, a la 1984.
'the float' is true for paypal also.
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