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		trap_goes_hot on Dec 1, 2022 \| parent \| context \| favorite \| on: Apple blocks Coinbase Wallet Money = Power. Why would Apple allow this breaking up? Its naive to think otherwise, see what is happening in South Korea with Samsung accounting for like 25% of the economy. They're untouchable in South Korea.

lofaszvanitt on Dec 2, 2022 [–]

That is an umbrella of 15+ companies in multiple segments of the market.

trap_goes_hot on Dec 2, 2022 | [–]

Yes, that structure is complex by-design. Its to do with inheritance taxes, and the family trying to maintain control via holding companies.

https://www.bbc.com/news/world-us-canada-62501514

Apple has a somewhat complicated (though common for large US corporations) structure too.

https://www.businessinsider.com/apple-subsidiaries-are-named...

https://www.wired.com/2016/08/apple-rest-silicon-valley-avoi...

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