Blog Post Makeup

Greetings, this post should have been a couple weeks ago, but better late than never. A couple weeks ago in economics/personal finance I saw an article on Google setting aside over $30 billion for foreign deals and spending sprees to catch up with the latest foreign tech, and hope fully make it popular to create the "next big thing". Google specifically intends to spend most of its money in Britain, telling the American people that it needs to keep disposable funds over seas to help expand its business into new areas.

By Katherine Rushton

7:54PM BST 21 May 2014

“We continue to expect substantial use of our offshore earnings for acquisitions as our global business has expanded into other product offerings like mobile devices,” it wrote. “It is reasonable to forecast that Google needs between $20bn to $30bn of foreign earnings to fund potential acquisitions of foreign targets and foreign technology rights from US targets in 2013 and beyond.”

Google is expected to spend a large chunk of that cash pile in Britain, which is one of the biggest global centres for technology start-ups outside America.

I figured this would have a lot to do with business growth and expansion, something we have been taught much of, like money managing, and investment to help grow our bank account. And it also works on the moral of our class, that "your money should work for you". All the money Google has set aside for investment, has the potential to create new businesses and hopefully make more money than they spend long-term.

http://www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtelecoms/digital-media/10847802/Google-earmarks-30bn-for-overseas-deals.html