Why Google needs more volcanoes

Apparently, people are still worried that Google needs “adult supervision.” It’s actually hard to know what that means. Google’s market capitalization stands at $454 billion. It is estimated to have $50 billion in cash reserves. Let those numbers roll around for a bit.

By contrast, the state budget of California is $167 billion. Google could fund the entire state for a year and still have just less than $300 billion for walking-around money. So what exactly is Google supposed to have done wrong?

Oh, yeah, here it is: Their stock price just hasn’t kept up. The market is up, up, up, and Google shares are down a little bit.