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Re:12,000 Facebook employees, 15% of its workforce, may lose... by hnfong on Monday October 10, 2022 @04:38PM (#33156136)
It was a pun on "alpha"(the investment/speculation term)-"bets".

The original idea is that the Google founders would use Alphabet as holding company for their "alpha-bets", but apparently since Pichai took over of Alphabet as well this venture is probably also "Killed by Google"...

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