Why do you think....and maybe your shouldn't.....that GOOG first rallied to over 670 in the first place? Those 7 million shares traded sure had a better understanding than you did. Never pretend or think that you "know", You don't. Follow the money. Everything else is BS.
And they will also see how everything but search and YouTube loses money.
So is that good or bad?
I suppose its good if it leads to killing all the money-losing pet projects, but I doubt if that is what Brin and Page have in mind. I wonder if they plan to report results of all the subsidiaries. If not, then this added no transparency at all, at least, to the public. Maybe it helps them track financials internally.
But in the end, GOOG and GOOGL become shares in Alphabet which is the parent of ALL the other companies, so the shares of Alphabet will reflect the same business operations that they do now under Google, Inc.
Why, then, did GOOGL go up so much in response to this news?
I can only assume people bought before fully understanding what is being done here.
small investors bought afterhour,it all depends if there is any follow thru tomorrow.
Holding company will keep both GOOG and GOOGL , there may not be a dividend or buy back with this new structure any time soon since the only money maker is google search ,the rest will be burning cash.
New transparency will expose the money losers ,they may get ditched sooner (like Google glass)
... So goes the world of tech and Goog. Remember the difference of investment and economic evolution. Value does matter in the end. Yes, it will. Up to you to figure the message. Good luck to all.
You have to KNOW how to THINK. Otherwise, your money will be absorbed and you will be spit out. First of all, to think that the average investor "knows" anything is a misnomer. Survival of the fittest. I have been an investor and a broker for the past 35 years. Mostly an investor. Gave up on being a broker (salesman) long ago.
Tried to warn my POOR sweet amateur GOOG, Dow, and Nasdaq BASHER RETARDOS, again:
GOOG now trading in an ongoing massively BULLISH UPTREND and, as per the norm, the smarter and experienced market pros WRITE most of the WORTHLESS GOOG PUTS, while purchasing the very very profitable in the money GOOG CALL options
IGNORE the BASH SPAM placed on this message board by the GOOG, Dow, and Nasdaq PUT WRITERS in the sleazy wall street club, attempting to DUPE small spec SUCKERS into buying WORTHLESS 2015 PUTS in GOOG, Dow, and Nasdaq favorites
She is doing her job.... getting share price up. Who cares about smoke and mirrors??
Apple makes $10 billion it drops like a rock. This company changes it's name and $60 BILLION is added to market cap....I know the average investor is an idiot...but this one truly takes the cake.
it is deck chairs shuffling !
The guy who oversee different functions are still there with the same responsibility but you get a better picture of who makes money and who drain money
this is what Wall street said -
see,the core business is the mature or maturing business,the cash cow which funds the other ventures which will keep gobbling up cash .
Nothing has changed,just that investors and wall street can now see how profitable the mature business is
the afterhour run is from individuals hopingto cash in when market opens tomorrow,just like when it announced earnings after hours.
It's not the name change. It's about appointing more "realistic" every-day CEO, ready for work and not too interested in driverless cars, special magic glasses and flights to Mars and Saturn.