Hedge Fund asks Google to slash costs
Erie similarities with Meta’s: request from another hedge fund followed by Meta’s layoffs https://www.wsj.com/articles/activist-investor-calls-on-google-parent-alphabet-to-slash-costs-11668528859
The Wall Street Journal
Not necessarily but the macroeconomic headwinds are the biggest factor right now rather than individual companies differences
look up how much goog they actually own. also look up goog stock classes and what kind of power that grants. this is irrelevant, they're a small fry, nobody cares. our mission hasn't changed and it's still about investing in the long term, not this stupid quarterly-financials obsession. > As a private company, we have concentrated on the long term, and this has served us well. As a public company, we will do the same. In our opinion, outside pressures too often tempt companies to sacrifice long-term opportunities to meet quarterly market expectations. Sometimes this pressure has caused companies to manipulate financial results in order to “make their quarter.” In Warren Buffett’s words, “We won’t ‘smooth’ quarterly or annual results: If earnings figures are lumpy when they reach headquarters, they will be lumpy when they reach you.” > > If opportunities arise that might cause us to sacrifice short term results but are in the best long term interest of our shareholders, we will take those opportunities. We will have the fortitude to do this. We would request that our shareholders take the long term view. Many companies are under pressure to keep their earnings in line with analysts’ forecasts. Therefore, they often accept smaller, but predictable, earnings rather than larger and more unpredictable returns. Sergey and I feel this is harmful, and we intend to steer in the opposite direction. quote from larry. the rest of the letter elaborates more. https://www.nytimes.com/2004/04/29/business/letter-from-the-founders.html these aren't the first clowns who invest in goog without understanding what goog is about. they're just as irrelevant as the rest that have tried. nothing to see here, move along.
Google of 2004 is different from Google in 2022. Hope the business long term view is same.
What’s stayed the same is Larry and sergeys veto voting power. They’ve rRely folded to finance bros Larry didn’t even show up to earnings calls when ceo. Legends.
Why would anyone listen to these hedge funds, alphabet didn’t ask them to invest in them
6B / 1276B < 0.5%. Can they make such statements with such small stake?
Who the f are these hedge funds? How are they linked and trying to control a public company?
entitled cluster phucks
I hate hedge fund bros.
Lol these hedgehogs think they matter
Sadly they do. They control the stock price which controls employees’ comp
Idiots. Alphabet had $16B profits last quarter, which is double of 2019 Q3 (26% CAGR). There is no need to cut headcount. This is the time to go heads down and build for the future, while other companies cut R&D to be cash flow positive. Cutting HC will boost short term profits and kill long term investments/profit.
HF/WJ is always shortsighted. They don’t think about long term and only care about what next quarter looks like. If things get better they will ask company to hire again. We are just bunch of tools they use to generate $$.
Hedge funds are true parasites to the society. They are extremely short sighted because they get paid in fees based on their performances.