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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.
And we can finally get the Sixth World started properly with megacorps and a dystopian cyberpunk economy-stratified society.
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". :-)
"no public disclosure obligations"
This was their number 1 goal. And changing into a LLC will effect their tax liabilities while concentrating all the wealth to the current owners. And with no public disclosures requirements you remove the stock price volatility which can wipe out millions if not billions of the owners wealth. Now the owners have removed that risk.
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 Umbrella Corporation"
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.
And changing into a LLC will effect their tax liabilities [...]
Probably not. The Google LLC probably elected to be taxed as a corporation. That would require opening new bank accounts and changing letterheads to the new name. Everything else can stay the same.
affect, not effect.
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
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.
Probably because it doesn't mean what you think it means. If you owned shares in Google you still own shares in Google - except its now called Alphabet. That is all.
How does "the new structure eliminates Google's disclosure requirements"
ultimately square with
"Don't be evil" ...again, precisely?
-Styopa
> 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.
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.