Comment by sonnyblarney

" And when Verily needs to raise money to cover losses, they don't go to the bank, they don't sell shares, they go to Alphabet."

No.

The sub is totally independant: governance, liability, stock holders etc.

Alphabet just has to report the sub on it's balance sheet, but otherwise it's like owning stock.

Now, Alpha does have a deeper relationship with it's companies, but they are still independent.

Google does not share information, money, talent, office space or much else with most other Alpha companies, so they are essentially separate companies with little to do with on another.