Re:John Carmack Leaves Meta
by urthor on Saturday December 17, 2022 @04:38AM
(#34026336)
The issue is if they did this, what would happen is:
1) An enormous pile of cash would accumulate on Google's balance sheet.
2) The spinoffs would be subject to normal commercial rules about risk, rate of return and such.
3) The spinoffs couldn't be "brand Google." Which is a not-inconsiderable thing.
Re:John Carmack Leaves Meta
by mnky9800n on Saturday December 17, 2022 @08:29AM
(#34027577)
Couldn't they just be in the Google family? Like there's a startup I work adjacent to called aker BP. BP owns a 30% stake. But aker BP is a separate company that's publicly traded.
1) An enormous pile of cash would accumulate on Google's balance sheet. 2) The spinoffs would be subject to normal commercial rules about risk, rate of return and such. 3) The spinoffs couldn't be "brand Google." Which is a not-inconsiderable thing.
Clearly though, it's a good call.