Alphabet is 70% held by institutional investors so those investors might ignore something like this. Insiders are reported to hold just under 6% of the shares

Alphabet is 70% held by institutional investors so those investors might ignore something like this. Insiders are reported to hold just under 6% of the shares and the remainders are out on the market. The holders of the 30% of shares not held by institutional investors may have a good question as to who exactly owns Alphabet and who gets to set its direction. There are employee-owned companies and worker cooperatives out there. Alphabet isn't one of them. The cost of buying up all the shares to turn it into such a thing looks fairly large at the current market rate.