Google abandons plans to provide bank accounts to users

Valley is about innovation, disruption, and thinking that no one thought before. That is what feeds the growth of the companies in the valley.?Google's way of searching the web caused the demise of Yahoo, which stopped innovating.??Some of the erstwhile great companies in the valley are now relics because they stopped innovating.?

Unlike Wallstreet, valley companies don't use the "there is money to made" philosophy. Their growth comes from innovation. Deposit Banking and checking accounts are mundane and archaic. I am not sure if Google becoming a bank was promoted by Alphabet CFO Ruth Porat, who joined Google from Morgan Stanley.??Did she bring Wallstreet culture to Google???Robinhood, SOFI, Square, and Stripe are the innovations continuing after PayPal and releasing the chokehold of investment and financial bankers on our economic systems. I am glad to hear that Google finally realized that they are a valley company and not a Wallstreet banker that makes money from the transactions.??It is my observation that Google is no more innovating. There are number three in cloud computing. Google feels to me like Microsoft under Steve Balmer, which lacked innovation and direction. On a lighter note, I am happy that I won't see Google in the too big to failure list of banks in the next financial crisis!