To be fair, every single person on HN thinks they know how to run Google better than Google does.

Yes, well luckily nobody on HN can compel Google to do anything differently.

This group of investors however can compel Google to do things differently and as George Carlin once said: "It's a big club, and you ain't in it"

There’s no evidence that this group of investors (who hold 0.5%) can compel Google’s management to do anything.

That is business insight.

You can generalize that to say the average HN reader knows how to run anything better.

90% of management is equal to or worse than calling random() to make decisions. If the margins are large enough, and the competition is asleep, anyone can be a successful CEO.

Also most of the married people, I'd say!

> TCI, who do not actually run the business, are threatening the CEO (addressed to Sundar) that they will move their money if Google doesn't do what they say - namely cut costs etc...

What does "move their money" technically mean in this situation? Google is not a bank, they don't keep TCI's money. Is this a threat of tanking the stock price by selling all $6B at once? TCI would hurt themselves too if they do that.

>What does "move their money" technically mean in this situation?

Sell GOOG and buy META (or whatever)

>Is this a threat of tanking the stock price by selling all $6B at once? TCI would hurt themselves too if they do that.

The act of liquidating their position is what reduces the price. So they drop their ask to the lowest bid price that liquidates their position net positive and in theory that action would cause a price cascade. It's a threat, not a guarantee.

6B in GOOG is $40,000 per employee. That's less than a year of equity refreshes for googlers.

Meta is down. Maybe a time to buy. The sheep still are spending every waking hour on facebook.

TCI investors, among other people, are the literal owners of Alphabet. The CEO is an employee who takes direction from the owners.

How much GOOGL do they own vs GOOG?

Larry and Sergey own 51% of GOOGL. Owning GOOG doesn't give you any control over the behavior of the company.

Yeah, the tech stock games around ownership vs control are real, and it's unlikely that GOOG owners can assert direct control. Still, if the company fails to listen to GOOG owners, the price will drop, almost as a matter of course.

Well since you are ignoring the proportion of ownership, let me tell you I am also an owner of GOOG.

Sure, and you get a vote. Same for me.

> they will move their money if Google doesn't do what they say - namely cut costs etc...

Why would Google care? This fund owns Google stock; it isn't giving money to Google, it gave money to whoever it bought that stock from.

Selling a fraction of a percent of the total in the market might move the stock price a little, but probably not much.

'Moving their money' just means transferring that stock to someone else who may have more faith in the company's strategy.