> I would not consider the investment as a % of market cap since Google doesn't own all that market cap. Market cap does matter because you can use it to gauge

> I would not consider the investment as a % of market cap since Google doesn't own all that market cap. Market cap does matter because you can use it to gauge how easily Google could hypothetically raise the same amount[1] by issuing additional shares without a shareholder revolt. 1. Or complete an all-stock deal or acquisition.