• discountsocialism [none/use name]
    ·
    3 years ago

    I'm convinced that this pivot is just to trick congress into thinking they are innovating so they don't break them up.

    • Yanqui_UXO [any]
      ·
      3 years ago

      yeah Google did this earlier with Alphabet. just makes it harder to break them up, "look, we're different companies!"

      • Owl [he/him]
        ·
        3 years ago

        The Alphabet reorg was to drag speculative and low-return projects like Waymo, Google Fiber, and Google Loon out into their own top-level line items so investors would see that they're not using up that much money, and most of the company's funding is going to the milking the major cash cows.

    • KermitTheFraud [they/them]
      ·
      3 years ago

      If Congress is competent at advocating for the capital class (which is supposed to be the one thing they are good at), they have no interest in breaking them up. The congressional hearings are basically “hey, you’re making us look bad so tone it down a little”. They’re scolding their child so they don’t look negligent and so the child will hide the shitty stuff they’re doing better. Do you have any idea how much our surveillance state’s budget would have to skyrocket if Facebook and Google actually got trust busted? They make that surveillance cost effective and as a reward they are granted monopoly status