> Is it a new class of Alphabet stock?
No. If it's stock it's gonna be Waymo stock.
> Was this a corporate bond?
We don't know the details. If bonds are involved, they're probably convertible bonds [e.g. convertible to stock].
No. If it's stock it's gonna be Waymo stock.
> Was this a corporate bond?
We don't know the details. If bonds are involved, they're probably convertible bonds [e.g. convertible to stock].
So in a normal case, Waymo itself wouldn't have a separate filing for incorporation, or tax status etc... which means it's wouldn't have it's own stock.
Hence the question
I don't know how it works, but it does. I have friends who worked at Waymo and got Waymo stock (well, options that can be exercised for stock). I suppose that would make it not a wholly owned subsidiary, considering that some of the employees own some of it?