> Are you suggesting that the WSJ is totally off base by drawing the conclusion that pressure from TCI, via this letter, is not the cause of the restructuring?
Yes. In fact its off base enough that I don't think they actually make that claim in the article.
TCI holds something like .5% of alphabet market cap, that's less than is held by multiple individual human investors in Google, and likely less than rank-and-file employees hold collectively. It'd be weird to pay any attention to such a group.
General economic conditions--many companies thought that the pandemic bump would last forever and planned spending that way. It hasn't, so they adjust spending. It doesn't take an activist investor or outside consultants or anything to look at your numbers and the trendline, and then decide to adjust your business according to what you see.
Yes. In fact its off base enough that I don't think they actually make that claim in the article.
TCI holds something like .5% of alphabet market cap, that's less than is held by multiple individual human investors in Google, and likely less than rank-and-file employees hold collectively. It'd be weird to pay any attention to such a group.