The Engineering of Ownership.
Investing in Alphabet requires understanding the machinery of its share classes. We analyze the technical levers that dictate shareholder outcomes: the persistent spread between Class A ($GOOGL) and Class C ($GOOG) shares, the clinical execution of buyback programs, and the long-term compounding effects of the current dividend structure. This is a study of capital allocation as a high-precision tool for increasing per-share value and optimizing ownership positioning.
Historically, Class A shares (GOOGL) commanded a 1-2% premium over Class C (GOOG) due to voting rights. As of late January 2026, that spread has compressed to historical lows (near 0.1% - 0.3%). This compression is a mechanical result of Alphabet’s capital allocation...
To the outside world, Alphabet is a collection of data centers and algorithms. To an investor, it is a massive circulation system of equity. At the heart of this system is the RSU (Restricted Stock Unit)—the primary currency used to attract and retain the world’s...