It's time to start asking if Alphabet's big gamble on 'Other Bets' is about to go bust (GOOG)

Google announced Wednesday that it would reabsorb Nest, the smart appliance company that was running independently under Google's parent Alphabet. The move calls into question what a successful exit looks like for one of Alphabet's so-called Other Bets companies. Alphabet insiders have expressed confusion over the mission for Other Bets as key executives headed for the door. Two-and-a-half years ago, Google made a radical move that shocked the entire industry. It split itself...