Internet companies like search giant Google (NASDAQ:GOOG) (NASDAQ:GOOGL) and social networking powerhouse Facebook (NASDAQ:FB) are perfect examples of the kind of technology companies that ooze that certain cool factor that makes the public adore them.
There's little question Google and Facebook provide ample utility to the technology masses online today, as their hundred-billion plus market capitalizations also reiterate to us.
Another hallmark of these kinds of ultra-cool corporate behemoths and their societal value is their proclivity to attack problems larger than themselves, things like creating self-driving cars and the like.
Google and Facebook: Up, up, and away
A major area of interest for Facebook's and Google's ambitions beyond their current business models lately has been making the Internet available to everyone. Recently, Google bought drone start-up Titan Aerospace, whose name had also surfaced as a possible acquisition target for Facebook as well.
According to reports, Facebook and Google have both moved into the drone space with the intent of expanding the reach Internet itself as part of their role as benevolent corporate citizens, and there's probably some truth to that. However, as tech and telecom specialist Andrew Tonner highlights in the video below, Google and Facebook stand to gain as much as anybody, if not more, by bringing the Internet everywhere, which is a little-discussed aspect of these broader "moonshot" initiatives.
Andrew Tonner has no position in any stocks mentioned. The Motley Fool recommends and owns shares of Facebook, Google (C shares), and Google (A shares). Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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