Rising home prices and conservative borrowing have today's homeowners sitting on a record amount of potential cash. Today's mortgage holders saw their home equity increase by...Real Estateread more
Stocks have been grinding sideways, but technical analysts say once they breakout, the move to the upside could be powerful.Market Insiderread more
The fresh round of cuts is on top of an estimated 4,500 temporary layoffs GM and its suppliers handed out to employees as of Friday.Autosread more
The new wireless earbuds, codenamed "Puget," are expected to come with an accelerometer and be able to monitor things like the distance run, calories burned, and pace of...Technologyread more
Think about the last TV show you recommended to a friend, or the last one that was recommended to you. Odds are, it was from a premium service like HBO, Netflix or Amazon.Entertainmentread more
SpaceX is deep into development of its Starship rocket, with recent updates from CEO Elon Musk showing the first one under construction.Investing in Spaceread more
Greta Thunberg, a 16-year-old Swedish environmental activist, delivered a powerful message at the United Nations Climate Action Summit on Monday.Environmentread more
The Mac Pro is the only major Apple computer to be assembled in the United States. Most of Apple's products, including the iPhone, are assembled in China and are facing tariff...Technologyread more
SoftBank wants to push Neumann out of the CEO role ahead of the IPO.Technologyread more
Toys R Us' bankruptcy caused a 7% surge in sales for the toy industry during the first half of 2018 as parents stocked up, then sales fell 2% as manufacturers experienced...Retailread more
After an unexpected loss of subscribers and increased competition in the streaming war, shares of Netflix erased all of its 46% gain for the year at its peak and officially...Marketsread more
A Google engineer who just left the company after nearly 13 years criticized it Wednesday for becoming "100% competitor-focused" and said the company "can no longer innovate."
Steve Yegge, who joined Google from Amazon in 2005, wrote a blog post about his decision to quit the company, saying it has become too focused on competitors instead of customers. He said product launches such as its smart speaker, Home, its chat app Allo and its Android Instant Apps copy Amazon Echo, Facebook-owned WhatsApp and WeChat, respectively.
"Google has become 100% competitor-focused rather than customer focused," he wrote. "They've made a weak attempt to pivot from this, with their new internal slogan 'Focus on the user and all else will follow.' But unfortunately it's just lip service."
He said employees don't set aside enough time to regularly interact with customers, instead relying on competitor activity to guide decisions about what people want.
Google declined to comment.
In an email to CNBC, Yegge said: "My only comment is that this was my own personal viewpoint and does not represent the opinions or position of Google."
This isn't the first time that Yegge — known for creating Grok, a service for Google developers — has publicly lambasted the company. In 2011, he wrote a harsh criticism of the social network Google Plus which was meant to be internal but was accidentally posted publicly (on Google Plus). In it, he called Google's attempt at a social network "a prime example of our complete failure to understand platforms from the very highest levels of executive leadership." The write-up circulated widely (even Google co-founder Sergey Brin saw it), but Yegge's posting mistake didn't cost him his job.
He wrote this new blog post after deciding to join the Southeast Asian ride-hailing company Grab — and focuses the second part of it on describing why that company is so innovative.
Although he highlights Waymo, Alphabet's self-driving car company, and TensorFlow, Google's open-source software, as being exciting products, his main point is that Google has lost its ability to innovate as its various rivalries take precedence.
The competition playing out most obviously in recent months has been between Amazon and Google. The two companies have had a race to the bottom on cloud pricing, and spats around their respective smart speakers, with Google blocking YouTube from working on Amazon's FireTV and Amazon refusing to sell Google's products. Google also just launched its own audiobook service instead of integrating its smart speaker with Amazon's offering.
You can read the rest of Yegge's post here.