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Alphabet Wraps Up Reorganization With a New Company Called XXVI (bloomberg.com)
Alphabet is approaching its final form. After evolving from Google into a corporate parent with distinct arms in far-flung fields like health care and self-driving cars, it is now forming a new holding company called XXVI Holdings Inc. Bloomberg reports: The new structure legally separates Google from other units such as Waymo, its self-driving car business, and Verily, a medical device and health data firm. Google co-founder Larry Page announced Alphabet two years ago to foster new businesses that operate independently from Google. Technically, however, those units, called the "Other Bets," were still subsidiaries of Google. The new structure, unveiled Friday, enables the Other Bets to become subsidiaries of Alphabet on the same legal footing as Google. "We're updating our corporate structure to implement the changes we announced with the creation of Alphabet in 2015," Gina Weakley Johnson, an Alphabet spokeswoman, said. She called the process a legal formality that won't affect ultimate shareholder control, operations, management or personnel at the 75,606 person company. Google is also changing from a corporation to a limited liability company, or LLC. This won't alter the way the business pays taxes, Johnson said. The switch is partly related to Google's transformation from a listed public company into a business owned by a holding company. Now, it's owned by Alphabet, so it effectively has only one investor and no public disclosure obligations. An LLC structure is better suited to this situation. XXVI, the name of the new holding entity, is the number of letters in the alphabet expressed in Roman numerals.
XXVI, the name of the new holding entity, is the number of letters in the alphabet expressed in Roman numerals.
Thanks for clarifying that. At first I thought they named themselves for Taylor Switft's age. The number of letters in the alphabet is much better. Of course, it is a good thing that Google wasn't started in China, or the new company would have ended up with a name like MMMMMMMMMMMMMMMMMMMMMMMMMMMMMM.
Or so Google tells me.
When you have too much money and too many employees.
Meaningless wankery.
"Now, it's owned by Alphabet, so it effectively has only one investor and no public disclosure obligations"
Alphabet however is publicly listed and does have public disclosure obligations.
Because they are looking at the super bowl of anti trust cases of the US DOJ has any integrity left
And we can finally get the Sixth World started properly with megacorps and a dystopian cyberpunk economy-stratified society.
I like the smell of my own farts. Strange, no?
Google used to be more ambitious.
From googol (100 zeros) and indexing all the worlds information, reduced to ABCs and counting like Sesame Street.
If they were still cool, it would be XLII, the answer to life, the universe, and everything.
Nobody over 26 yrs old will be hired, just like the parent company?
So, if these other units were the "Other Bets" (in the sense of wagers/gambles, I presume), and Google itself was the first of the bets, that means that it was the "Alpha Bet". :-)
Tyrell Corporation? Replicants? Alphabet/Google/whatever_they_are_this_week has become way too big for their own good. Anyone with a modicum of honesty will admit they control far too much and they are putting their tentacles into everything.
So what is the purpose of this expenditure of presumably vast amounts of money to set up shell companies that legally separate individuals from activities while still allowing the individuals to exert full control? Is it just a tax shelter? Is it to limit legal liability when one of these firms does something hugely illegal? Corporate does not spend money without a reason.
"She's a scientist and a lesbian. She's not going to let it slide." Orphan Black
The switch is partly related to Google's transformation from a listed public company into a business owned by a holding company. Now, it's owned by Alphabet, so it effectively has only one investor and no public disclosure obligations.
Why is this not the main story? Google just pulled a fast one on all of its investors.
"The Umbrella Corporation"
I feel like they are naming all of these new googlecorps with such generic names as to intentionally make it really hard to google them and thus keep track of whatever evil schemes they are up to.
That's brilliant! I wish I'd have thought of LLC first.
Like if the self driving car part gets a 100bn wrongful death lawsuit it won't take Google down with it.
I still think of Alphabet as the Umbrella Corporation.
I really hope we don't end up fighting it's cybernetic offspring in some sort of dystopian future.
After you complete the contest, with substitution of X like Wheel of (Mis)Fortune, the anagram XXVI is EVIL
e.g. like Google is EVIL
XXVI is the number of Final Fantasy games the Japanese will make before someone over there learns enough English to, *ahem*, finally notice the flaw in their franchise name. Final Fantasy XXVI will be followed by Penultimate Fantasy and then by Final, "No, for Real this time!", Fantasy. Ironically the latter will be a prequel.
You're welcome,
Time-Traveling Slashdotter
If you pop the name "google" into a numerology calculator you get a very interesting set of results.
In western name numerology the vowels and consonants are summed to give 2 "hidden" traits of "Inner Dreams" & "Souls Urge"
Google is unique, as far as I know, in being the only word to give 8 for both of these hidden traits.
The 3rd trait is the "expression", or how someone/thing appears to the world and is the sum of all letters. Google = 7.
The number 7 is the number of research (search), study, introspection, etc. A religious number, each major religion resting on the 7th day.
The number 8, which is their hidden desires & dreams, is the number of wealth and power.
(Ever noticed the Chinese obsession with 8s? Beijing Olympics opened on the 8/8/08).
Interesting curiosity I thought and then came along "Alphabet". Analysed the same way it's hidden's are 7 & 22, the outer appearance is 11.
Again a rare name in numerology as it has not one but two "master numbers". The 22 is the "master builder" and considered the most powerful of numbers.
11 is the number of a preacher, counsellor etc. (again religious ovetones just like the 7).
Once again a hidden desire for power and an outward appearance that's benign.
Now they come up with 26 in roman numerals (which would be an 8 again) it's getting beyond coincidence.
I'm now certain that whoever comes up with names at that company has a side interest in numerology.
If they take their name after a roman numeral, XXVI, one cannot help wondering what happened to XXV? And XXIV etc?
Attempted reorganizations gone wrong?
Secret entities?
The truth may be out there, but lies are inside your head
dead.
"Alphabet Wraps Up Tax Avoidance Scheme with a New Company Called XXVI
Those aren't your own farts that you smell. The "smell" has been implanted directly into your nose direct from our factory through special nasal hairs that we implant each time you sleep..
... then one corporation owning another boils down to practiced slavery.
Jokes aside: A corporation should only be able to be ownable by humans, which in turn should be fully responsible for any action the corporation takes. This would end externalisation of risk while funneling away the profits, be it form of tax evasion (through fake license payments) or the strategy to (should things go south) kill off a single shell corporation to leave others with the bill.
A company spilled crude into the ocean, poisoned the population or sold exploding things while you owned a part of it (be it directly or as shares)? Then pay up for any damages... Would be a fair compensation for getting a share of any profits, wouldn't it?
Bloody structural racism....
Whether they change their name from Alphabet or a reference of their parent company, they are still just trying to circumvent current anti-trust laws. They will not stop until all have been assimilated on this planet into their image of the world which includes stifling free speech under the guise of "hate speech". They have shown time and again, they will go to no lengths to squelch any opposition to their final solution of group think.
And it seems to be working in CA and NYC as their experiment has shown. Both these areas blindly follow their PC overlords to the actual physical violence to any who oppose. I want to know when the government will take action on this as this is a clear violation of anti-trust laws. Heck, even the EU figured that one out. While I am all for free market, there are limitations that Silicon(e) Valley can perform to perpetuate their plans for world domination.
Oh yeah they changed their motto from that... which was an evil thing to do.
And now Google doesn't have to disclose anything!
How does "the new structure eliminates Google's disclosure requirements"
ultimately square with
"Don't be evil" ...again, precisely?
-Styopa
It's now "Don't be evil, if there's anybody watching".
> When you have too much money and too many employees.
Yes, they had too many employees in too many completely different lines of business, all under one awkwardly large company.
> Meaningless wankery.
Now they are splitting different subsidiaries that do different things, like Waymo, into distinctly separate companies. Each company will have fewer employees, and be more focused. That's not meaningless.
Previously, Alphabet had a division that builds self-driving cars, called Waymo, another division that makes smart thermostats, another that makes Android, etc. Dozens of unrelated product lines. It's awkward and difficult to manage so many different projects as one company. What reason is there to keep them all together as divisions of the company? It just makes sense for these separate products, in different industries, so be separate companies. The new holding company allows them to be separate companies, managed separately. They can easily be sold off whenever it makes sense to do so. The holding company will own stock in each of the new seperate companies.
Final Fantasy composer Nobuo Uematsu explained that it was intended to be Square's last game, the one on which lead designer Hironobu Sakaguchi bet his career and the producer bet the company as it faced bankruptcy. It was also sort of an homage to tabletop RPG Fighting Fantasy, which shared its initials. (See citations at source)
Capcom's Final Fight is a beat-em-up reusing much of the Street Fighter engine. It too got sequels, but there aren't any widely known reliable sources for why its title was chosen.
I knew utf-8 was a farce.
XXVI = 26
Half of which is notably 13, which is just a little evil.
26 then presumably represents double evil or nearly complete evil.
So we arrive at 2*X + 6 = 26
Dividing by two X + 6 = 13
So Something + 6 is Evil
And twice something + 6 is double evil...
From there we can extrapolate that 3 of something is complete evil
Going back to XXVI=26 , we see on the right are 2 XX and VI which is 6 and on the left 2 and 6, so we swap and reevaluate with X = 6 and 2 = X
66VI=XX6
666=666
Thus google is complete EVIL.
It was nice of them to have a distinct action and period in time where they decided to turn evil.
They should also distance themselves from any ethics or accountability.
Corporate structures are explicitly used to create barriers to liability...it is the ONLY reason companies use them.. Here is a well known and very successful liability avoidance structure: https://en.wikipedia.org/wiki/James_Hardie_Industries All fully legal of course, but a somewhat terrible choking death for the injured parties.