Laffont: Tech companies harvesting cash cows and buying back stock fail
Philippe Laffont · Fed Hesitates on Tariffs, The New Mag 7, Death of VC, Google's Value in a Post-Search World · May 9, 2025 · at 44:25
Philippe Laffont argues why Google must aggressively invest in AI rather than managing search solely for short-term profit.
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“I find these companies that decide to harvest, you know, the cash cow and buy all their shares back, you know, it never really works.”
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