Doesn't this completely change what you are buying when you buy GOOGL shares?
It used to be you were investing in a search/ad company that owned a lot of other stuff. Now you are investing in a company that owns the leading search/ad company.
The difference is obviously academic but I think it will make a difference in how the shares are traded. Perception drives the market after all.
It used to be you were investing in a search/ad company that owned a lot of other stuff. Now you are investing in a company that owns the leading search/ad company.
The difference is obviously academic but I think it will make a difference in how the shares are traded. Perception drives the market after all.