John Gruber on Alphabet

John Gruber has a great take on yesterday’s Alphabet news:

This whole “Alphabet” thing is a joke. I still don’t get what they’re even trying for with it. The company is Google and we all know it. The subsidiary owns the parent and everyone knows it. No one is fooled by this. Nothing has changed regarding the goofy super-class shares that Page and Brin hold that give them complete control of the company. Google is a privately-held company that trades as a publicly-held one.

John Gruber, Daring Fireball

Read the full post at Daring Fireball

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