by Wolf Richter
Wolf Street
Third CEO of an Alphabet division to leave since June.
Five years ago, when Google announced that it would build a super-high-speed fiber-optic network in Kansas City, and then roll it out in other cities, it started an effort to own and control the data pipelines going into homes and businesses.
Given how frustrated consumers are with their ISPs, it seems people couldn’t wait for Google Fiber, now operated by Alphabet’s Access. Google then spent a fortune building out the network in select cities around the country. This could have been huge. At a huge cost.