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Ariadne Conill 🐰

@sjvn @fuzzychef

Alphabet is a publicly traded company.

the activist hedge funds (of which TCI is just one, but they had the balls to publicly say it) have non-trivial amounts of voting power.

23 Jan 2023 at 23:03 | Wall-to-wall | Open on social.treehouse.systems
14 comments
sjvn

@ariadne @fuzzychef Yeah, but I wish Alphabet the balls to say f-off. The Google cuts are into muscle and bone, not fat. <Rant, Scream, Rant!>

23 Jan 2023 at 23:13 | Open on mastodon.social
Martin SchrΓΆder

@ariadne
@sjvn @fuzzychef Really? I doubt that they have any class b shares. Probably the same as with Meta, where Zuckerberg has all class b shares.

24 Jan 2023 at 0:35 | Open on ruhr.social
Ariadne Conill 🐰

@oneiros @sjvn @fuzzychef being able to mass sell 6 billion usd worth of stock and crash the price is it’s own form of voting. and that’s just TCI. they have friends.

24 Jan 2023 at 0:36 | Open on social.treehouse.systems
Berkubernetus

@ariadne @oneiros @sjvn of course, now they're going to wait for the 3Q results that look like enhanced profitability, and then dump all the stock when it goes up.

24 Jan 2023 at 0:37 | Open on m6n.io
sjvn

@fuzzychef @ariadne @oneiros 4th quarter results are on Feb. 2nd, but they won't show the layoff results for at least another quarter. I'm glad I don't cover that end of technology.

24 Jan 2023 at 0:42 | Open on mastodon.social
sjvn

@ariadne @oneiros @fuzzychef The funny thing about covering technology for a living is that after a while 6 billion doesn't even sound like that much. And, for Google I think that makes them like 22nd or so in the list of top stockholders. That said, I'm pressed to think of another good reason for these cuts except an irrational fear of recession.

24 Jan 2023 at 0:39 | Open on mastodon.social
Ariadne Conill 🐰

@sjvn @oneiros @fuzzychef yeah but they have friends who will run with them

24 Jan 2023 at 0:41 | Open on social.treehouse.systems
sjvn
Yvan DS πŸ—ΊοΈ :ferris: :go:

@sjvn @ariadne @oneiros @fuzzychef they all eat in the same plates.

Across all companies, shareholders are the samey their name on paper might be different, but their money speaks as one and this is why this firing storm is happening.

While they exist, nothing will change. And this will happen again.

24 Jan 2023 at 9:58 | Open on hachyderm.io
Brandon

@ariadne @sjvn @fuzzychef Just a reminder that with Google's voting structure, the hedge fund votes matter not at all -- L+S have a lock on any vote by a lot. They have the 10x shares (same as Meta + Zuck).

24 Jan 2023 at 2:16 | Open on cybervillains.com
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