Alphabet Needs to Take a Page From Amazon's Playbook

Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG)may be wasting tens of billions in shareholder capital.

Alphabet spends massive amounts of money on its "other bets" -- essentially, moonshot technology research in pursuit of the next big thing. These expenditures have been a consistent, and large, feature of Alphabet's financial statements for almost a decade.

Source: Fool.com