Thursday August 25, 2016

Google Fiber Hits Speed Bumps As Alphabet Looks To Cut Costs

It seems like every person you talk to wants Google Fiber to come to their town but, if this report is to be believed, Google Fiber isn't doing so well when it comes to subscribers. Maybe they are just picking crappy towns?

The report says that Google had expected to land 5 million subscribers over the course of five years, but the company's actual progress was much slower. At the end of 2014 Google Fiber only had 200,000 subscribers. Its TV service has also suffered from sluggish growth. Last month, CEO Larry Page reportedly asked Google Fiber head Craig Barratt to cut his staff in half, to 500 people, and reduce costs of delivering fiber to customers' homes to one-tenth of their current rate.