Google combines Maps and Waze teams in restructuring move

Re:Google combines Maps and Waze teams in restructuring move by extesy on Thursday December 08, 2022 @05:00PM (#33914231)

> TCI, who do not actually run the business, are threatening the CEO (addressed to Sundar) that they will move their money if Google doesn't do what they say - namely cut costs etc...

What does "move their money" technically mean in this situation? Google is not a bank, they don't keep TCI's money. Is this a threat of tanking the stock price by selling all $6B at once? TCI would hurt themselves too if they do that.

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Re:Google combines Maps and Waze teams in restructuring move by AndrewKemendo on Thursday December 08, 2022 @05:11PM (#33914398)

>What does "move their money" technically mean in this situation?

Sell GOOG and buy META (or whatever)

>Is this a threat of tanking the stock price by selling all $6B at once? TCI would hurt themselves too if they do that.

The act of liquidating their position is what reduces the price. So they drop their ask to the lowest bid price that liquidates their position net positive and in theory that action would cause a price cascade. It's a threat, not a guarantee.

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Re:Google combines Maps and Waze teams in restructuring move by UncleMeat on Thursday December 08, 2022 @06:58PM (#33915575)

6B in GOOG is $40,000 per employee. That's less than a year of equity refreshes for googlers.

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Re:Google combines Maps and Waze teams in restructuring move by bdavis__ on Thursday December 08, 2022 @09:09PM (#33916520)

Meta is down. Maybe a time to buy. The sheep still are spending every waking hour on facebook.

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