Under the new rule, Alphabet's US$258 million investment in Uber - made in 2013 when Uber was worth about US3.7 billion - would now have to be listed at market, or about US$4.8 billion, as Uber is now valued at US$70 billion. Given Alphabet's Q1 2017 net income of US$5.4 billion, adding in its gain from Uber could have quite the distorting effect.
A TSUNAMI of change is coming to the regulations that govern corporate America, if President Donald Trump and Republicans in Congress get their way.
But there is also a little-noticed change coming down the pike that will have a major impact on business. And this one has corporate...