Google admits most 'moonshots' lose money

Google's newly formed parent company, Alphabet, this week announced that its "moonshots," or big-bet investments such as self-driving cars, represent less than 1 percent of the organization's total 2015 revenue. Alphabet's "other bets" also decreased the company's profit, carrying a $3.56 billion loss. However, despite such losses, Alphabet overtook Apple to become the most valuable public company in the world following the release of its fourth quarter 2015 earnings call, which was Alphabet's f