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I think it's the same as with Google. Of course there's some "hull" called "Alphabet" who legally owns Google, but what more than a hull is it? Don't know whet
by martin_a 5y ago
I think it's the same as with Google.
Of course there's some "hull" called "Alphabet" who legally owns Google, but what more than a hull is it? Don't know whether it's for tax reasons, spreading the risk, trying to decouple the image in case of failed products, everybody knows that Alphabet == Google. Same goes for Facebook and Meta: There might be a Meta hull but that hull is quite packed with Facebook, so it does not really matter what the hull is called (or does).
- tentacleuno 5y agoYeah, Alphabet certainly came to mind when I first heard the news about Meta. I'm guessing it's for tax reasons too since they're also (well, Facebook) located in Ireland. There seemed to be a big push to move companies to Ireland a few years back.
- pooper 5y agoI can't exactly explain why but in my mind, Alphabet and Google make sense. My thought process is that Google makes money that it then uses for other things which are not Google. I don't understand Facebook's name change. It is still Facebook. It wants to stay as a cohesive unit and share data across products. It isn't like Facebook will ever voluntarily give up whatsapp or instagram. I can't quite explain it but I am willing to disassociate the stock ticker Alphabet (NASDAQ:GOOG) from Google but not Facebook (NASDAQ:FB)