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I just realized the genius of the name "Alphabet". By investing in this company you are "betting" that they will be able to generate "alpha" ( in the financial
by beamatronic 10y ago
I just realized the genius of the name "Alphabet".
By investing in this company you are "betting" that they will be able to generate "alpha" ( in the financial sense )
http://www.investopedia.com/terms/a/alpha.asp http://www.investopedia.com/terms/a/alpha.asp
- sparky_z 10y agoYeah, they said that in the original press release.
- beepboopbeep 10y ago...Oh hell, I just thought it was because they had such a big portfolio of endeavors. Now it just comes across as tacky.
- kyrra 10y agoThis was called out in the announcement of the company: We also like that it means alpha-bet (Alpha is investment return above benchmark), which we strive for! https://googleblog.blogspot.com/2015/08/google-alphabet.html https://googleblog.blogspot.com/2015/08/google-alphabet.html
- CobrastanJorji 10y agoYou could also consider Google as Alphabet's primary, or "alpha" bet, but Google is also investing in a variety of "other bets". The name also provides for cool URLs, like https://abc.xyz https://abc.xyz.
- jogjayr 10y agoSerious (and off-topic) question: did Silicon Valley name Hooli XYZ as a nod to that domain name? A whois seems to indicate that the domain was created a year before the second season of the show, when Hooli XYZ made its first appearance.
- kobeya 10y agoI'm pretty sure it was just an obvious play on Google X. But googlers are not without a sense of humor. http://hooli.xyz/ http://hooli.xyz/
- kobeya 10y agoA beta-bet, if you will.
- bbcbasic 10y agoAlternatively they could have named themselves "tautology"
- dreamfactory2 10y agoI honestly thought it was a tongue in cheek reference to three letter agency investment and infiltration