§ 03 · RANKINGS · 184 PLATFORMS
Rankings
Every platform in the BHI universe, scored on the same eleven-parameter rubric. Click any row for the full decomposition.
Universe construction: Top 184 platforms by economic relevance, drawn from 18 sectors. Methodology · §6
Ecosystem groups38 of 184 platforms belong to 12 parent groups, defined by operational control of one parent entity — not shareholder overlap. Each platform keeps its individual B-score; no aggregate group score is computed — member scores are never combined into a group composite; the member mean shown per group is a descriptive statistic of the members, not a measurement of the group. Whether ecosystem-level dependence can be measured at all without conflating what members share is an open research track. All member scores are single-evaluator (see Validation). Each group also carries selected unscored entities — a curated selection by materiality, not an exhaustive subsidiary list; they carry no B and enter no computation, and are listed in the table under each map (on wide screens the map plots them as well). Nesting under a parent is the index’s own grouping throughout and every such row is marked: filings list entities and jurisdictions but rarely state which brand sits under which unit, and two attempts to certify nesting mechanically were broken by adversarial review. Entity names, roles and every figure remain source-linked and machine-checked. The remaining 146 platforms are single-entity in this universe.
Microsoft
Microsoft, Microsoft Copilot (M365), GitHub, Microsoft 365, LinkedIn, Xbox/Game Pass
| # | Platform | Sector | Ticker | Mkt cap | Capture | Escape | B | Zone |
|---|---|---|---|---|---|---|---|---|
| 01 | Microsoft | Big Tech & Semiconductors | MSFT | $3.04T | 2.17 | 0.34 | 6.41 | BLACK HOLE |
| 02 | Microsoft Copilot (M365) | AI Platforms | MSFT | $3.04T (Microsoft) | 1.92 | 0.37 | 5.23 | BLACK HOLE |
| 03 | GitHub | SaaS & Cloud | Private (MSFT) | $30B+ | 2.09 | 0.43 | 4.90 | BLACK HOLE |
| 04 | Microsoft 365 | SaaS & Cloud | MSFT | (Microsoft) | 1.98 | 0.42 | 4.73 | BLACK HOLE |
| 05 | Social Media | MSFT | (Microsoft) | 1.09 | 0.30 | 3.70 | BLACK HOLE | |
| 06 | Xbox/Game Pass | Gaming & Entertainment | MSFT sub | N/A | 1.26 | 0.54 | 2.34 | EVENT HORIZON |
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Group network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Azure | Cloud infrastructure (Intelligent Cloud segment) | division | — | — |
| Windows | Desktop operating system | division | — | — |
| Dynamics 365 | Enterprise ERP/CRM | division | — | — |
| Bing / Microsoft Advertising as cited: Bing | Search and advertising | division | — | — |
| Surface | First-party devices | division | — | — |
| Microsoft Gaming (XBOX) as cited: Xbox | Games umbrella — FY2026 segment name "XBOX (formerly Gaming)" | division | — | — |
| Activision Blizzard [2] | Game publisher (Call of Duty, Warcraft, King) | subsidiary | Microsoft Gaming (XBOX) · index grouping | completed October 2023 (FY2026 10-K); in Exhibit 21 |
| ZeniMax / Bethesda as cited: Bethesda | Game studios (Elder Scrolls, Fallout, DOOM) | subsidiary | Microsoft Gaming (XBOX) · index grouping | — |
| Mojang (Minecraft) | Game studio | subsidiary | Microsoft Gaming (XBOX) · index grouping | 2014 |
| Nuance [2] | Healthcare and speech AI (Dragon) | subsidiary | — | $19.7B enterprise value (April 2021 announcement); completed 2022 |
Teams is a component of Microsoft 365 (scored). Skype retired 5 May 2025. [source]
HoloLens 2 manufacturing ended in 2024; support continues to 2028. [source]
The FY2026 Exhibit 21 lists only significant subsidiaries — SEC rules allow the rest to be omitted — so the operating network above is drawn from the 10-K segment text. [source]
Alphabet
YouTube, Alphabet/Google, Google Play, Google Gemini, Waymo, Google Workspace
| # | Platform | Sector | Ticker | Mkt cap | Capture | Escape | B | Zone |
|---|---|---|---|---|---|---|---|---|
| 01 | YouTube | Social Media | GOOG | $3.62T (Alphabet) | 1.96 | 0.34 | 5.73 | BLACK HOLE |
| 02 | Alphabet/Google | Big Tech & Semiconductors | GOOG | $3.62T | 2.03 | 0.44 | 4.62 | BLACK HOLE |
| 03 | Google Play | Gaming & Entertainment | GOOG | (Alphabet) | 1.57 | 0.40 | 3.94 | BLACK HOLE |
| 04 | Google Gemini | AI Platforms | GOOG | $3.62T (Alphabet) | 1.70 | 0.53 | 3.22 | BLACK HOLE |
| 05 | Waymo | Automotive & Mobility | Private (GOOG) | $45B+ | 1.19 | 0.42 | 2.84 | BLACK HOLE |
| 06 | Google Workspace | SaaS & Cloud | GOOG | (Alphabet) | 1.37 | 0.51 | 2.68 | BLACK HOLE |
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Group network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Google Cloud | Cloud segment (GCP + Workspace) | division | — | — |
| Wiz | Cloud security (CNAPP) | subsidiary | Google Cloud · index grouping | $29.5B, closed 2026-03-11 (Q2-2026 10-Q) |
| Mandiant | Threat intelligence | subsidiary | Google Cloud · index grouping | — |
| Android | Mobile operating system | division | — | — |
| Chrome | Browser | division | — | — |
| Google Ads / Ad Manager as cited: Google Ads | Advertising stack | division | — | — |
| Google DeepMind | AI research (builds Gemini) | subsidiary | — | — |
| Pixel / Devices as cited: Pixel | Hardware line (Pixel devices) | division | — | — |
| Fitbit | Wearables | brand | Pixel / Devices · index grouping | completed 2021 |
| Other Bets | Waymo, Verily, Wing, Calico, X, Isomorphic Labs | division | — | — |
| Wing | Drone delivery | subsidiary | Other Bets · index grouping | — |
| Verily | Precision health | majority stake | Other Bets · index grouping | Other Bet with outside investors |
GV and CapitalG are investment arms — portfolio companies are not group members. [source]
The Exhibit 21 is remarkably short: Google LLC and a pair of holding shells. [source]
Meta
Meta, WhatsApp, Facebook, Instagram
| # | Platform | Sector | Ticker | Mkt cap | Capture | Escape | B | Zone |
|---|---|---|---|---|---|---|---|---|
| 01 | Meta | Big Tech & Semiconductors | META | $1.50T | 2.03 | 0.39 | 5.22 | BLACK HOLE |
| 02 | Social Media | META | (Meta) | 1.63 | 0.33 | 4.98 | BLACK HOLE | |
| 03 | Social Media | META | $1.50T (Meta) | 1.64 | 0.39 | 4.19 | BLACK HOLE | |
| 04 | Social Media | META | (Meta) | 1.38 | 0.45 | 3.07 | BLACK HOLE |
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Group network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Messenger | Messaging (official Family-of-Apps product) | division | — | — |
| Threads | Public text conversations (own FoA product, not under Instagram) | division | — | — |
| Meta AI | Assistant across apps (own FoA product) | division | — | — |
| Meta Superintelligence Labs | AI organisation (founded June 2025; Llama) | division | — | — |
| Llama | Open-weight LLM family | product | Meta Superintelligence Labs · index grouping | — |
| Reality Labs | VR/AR segment (Quest, Horizon, smart glasses) | division | — | — |
| Meta Payments Inc. | Payments infrastructure | subsidiary | — | in Exhibit 21 |
Ray-Ban Meta glasses: a partnership with EssilorLuxottica, in which Meta took a reported minority stake (2025) — not control. [source]
Scale AI: $13.8B minority investment; Meta states it does not have significant influence (FY2025 10-K). [source]
Kustomer operates independently of Meta (investor-backed; zero Meta mentions in its FY2025 10-K or on its own site). [source]
Workplace closed May 2026. [source]
Amazon
Amazon, Amazon Marketplace, AWS
| # | Platform | Sector | Ticker | Mkt cap | Capture | Escape | B | Zone |
|---|---|---|---|---|---|---|---|---|
| 01 | Amazon | Big Tech & Semiconductors | AMZN | $2.34T | 2.59 | 0.31 | 8.40 | BLACK HOLE |
| 02 | Amazon Marketplace | E-Commerce | AMZN | $2.34T | 2.41 | 0.31 | 7.77 | BLACK HOLE |
| 03 | AWS | SaaS & Cloud | AMZN | (Amazon) | 2.24 | 0.33 | 6.85 | BLACK HOLE |
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Group network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Prime Video | Streaming | division | — | — |
| MGM | Film and television studios | subsidiary | — | agreement May 2021 at a purchase price of $8.45B |
| Twitch | Live streaming | subsidiary | — | 2014 |
| Devices (Echo/Alexa, Fire, Kindle) | Consumer devices line | division | — | — |
| Ring | Home security | brand | Devices (Echo/Alexa, Fire, Kindle) · index grouping | named in the 10-K devices line |
| Blink | Security cameras | brand | Devices (Echo/Alexa, Fire, Kindle) · index grouping | — |
| eero | Mesh wifi | brand | Devices (Echo/Alexa, Fire, Kindle) · index grouping | — |
| Whole Foods Market | Grocery | subsidiary | — | 2017 |
| Audible | Audiobooks | subsidiary | — | — |
| Zappos | Footwear e-commerce | subsidiary | — | acquired 2009 |
| Goodreads / IMDb as cited: Goodreads | Books and film communities | subsidiary | — | — |
| Amazon Leo | Satellite broadband (renamed from Project Kuiper, Nov 2025) | subsidiary | — | — |
| Zoox | Robotaxi | subsidiary | — | 2020 |
| One Medical / Amazon Pharmacy as cited: One Medical | Healthcare | subsidiary | — | One Medical 2023 |
| Annapurna Labs | Custom AWS silicon (Graviton, Trainium) | subsidiary | AWS · index grouping | 2015 |
Anthropic: convertible-note investments including $2.7B invested in 2025, partly converted to nonvoting preferred stock (FY2025 10-K) — a minority position, not control, and not a member. Amazon discloses no cumulative total. [source]
The Exhibit 21 is short, naming only a handful of entities. [source]
Oracle
Oracle Health (Cerner), Oracle Database, NetSuite
| # | Platform | Sector | Ticker | Mkt cap | Capture | Escape | B | Zone |
|---|---|---|---|---|---|---|---|---|
| 01 | Oracle Health (Cerner) | Healthcare Information Systems | ORCL sub | N/A | 1.76 | 0.21 | 8.20 | BLACK HOLE |
| 02 | Oracle Database | SaaS & Cloud | ORCL | $450B | 1.99 | 0.28 | 7.01 | BLACK HOLE |
| 03 | NetSuite | SaaS & Cloud | ORCL sub | N/A | 1.78 | 0.31 | 5.81 | BLACK HOLE |
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Group network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Oracle Cloud Infrastructure as cited: cloud infra | Hyperscale cloud | division | — | IaaS revenue $18.1B, +77% (FY2026) |
| Java | Language stewardship | division | — | — |
| MySQL | Open-source RDBMS | division | — | — |
| Fusion Cloud Applications as cited: Fusion Cloud | Cloud ERP/HCM/SCM | division | — | — |
| E-Business Suite / PeopleSoft / JD Edwards / Siebel as cited: E-Business Suite | Legacy enterprise applications | division | — | — |
| Oracle Financial Services Software | Banking software (FLEXCUBE), NSE-listed | majority stake | — | majority shareholder (FY2026 10-K) |
| Construction & Engineering (Primavera, Aconex) as cited: Primavera | Project software | division | — | — |
| Hospitality (OPERA, Simphony) | POS for hotels/retail | division | — | — |
TikTok US JV: an equity-method investee in which Oracle holds a 15% ownership interest (FY2026 10-K) — a minority stake, not control of TikTok. [source]
Oracle Advertising (Moat/Datalogix/BlueKai) shut down 2024. [source]
The Exhibit 21 is short and mostly holding shells. [source]
Apple
Apple App Store, Apple, Apple Intelligence
| # | Platform | Sector | Ticker | Mkt cap | Capture | Escape | B | Zone |
|---|---|---|---|---|---|---|---|---|
| 01 | Apple App Store | Gaming & Entertainment | AAPL | (Apple) | 1.78 | 0.34 | 5.26 | BLACK HOLE |
| 02 | Apple | Big Tech & Semiconductors | AAPL | $3.81T | 1.91 | 0.41 | 4.60 | BLACK HOLE |
| 03 | Apple Intelligence | AI Platforms | AAPL | $3.4T (Apple) | 1.50 | 0.34 | 4.43 | BLACK HOLE |
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Group network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Services | Services reporting category | division | — | — |
| App Store | App distribution — scored separately | division | Services · index grouping | — |
| iCloud | Cloud storage and sync | division | Services · index grouping | — |
| Apple Music / TV / Arcade / Fitness+ as cited: Apple Music | Media subscriptions | division | Services · index grouping | — |
| Apple Pay / Card / Cash as cited: Apple Pay | Payments | division | Services · index grouping | — |
| Apple silicon | In-house chip design (A/M/S/C-series) | division | — | used across the Mac line |
| Beats | Audio hardware | brand | — | $3B, 2014 |
| Shazam | Music recognition | brand | — | 2018 |
| Claris | FileMaker low-code ("an Apple company") | subsidiary | — | — |
| Braeburn Capital | Nevada asset management | subsidiary | — | in Exhibit 21 |
The Exhibit 21 is mostly per-country distribution and holding structures; Apple reports geographic segments only. [source]
SpaceX
Cursor (Anysphere), Grok (xAI), X (Twitter)
| # | Platform | Sector | Ticker | Mkt cap | Capture | Escape | B | Zone |
|---|---|---|---|---|---|---|---|---|
| 01 | Cursor (Anysphere) | AI Platforms | Private | $1.75T (SpaceX) | 1.39 | 0.48 | 2.92 | BLACK HOLE |
| 02 | Grok (xAI) | AI Platforms | Private | $1.75T (SpaceX) | 1.14 | 0.64 | 1.78 | EVENT HORIZON |
| 03 | X (Twitter) | Social Media | Private | $1.75T (SpaceX) | 0.76 | 0.59 | 1.29 | TRANSITION |
Musk UBO contour: Tesla shares the same principal owner but neither company holds equity in the other (SEC filings list Tesla, Boring Company and Neuralink as related parties only). [source]
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Group network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Space (segment) | Falcon, Starship, Dragon programmes | division | — | — |
| Connectivity (segment) | Starlink and Starshield | division | — | — |
| Starlink | LEO broadband | brand | Connectivity (segment) · index grouping | 12M subscribers (June 2026); $11.4B revenue (2025) |
| Starshield [2] | National-security satellites | product | Connectivity (segment) · index grouping | — |
| SpaceX Services Inc. | Satellite services entity | subsidiary | Space (segment) · index grouping | in Exhibit 21 |
| AI (segment) | Filed segment name — "SpaceXAI" is press shorthand only | division | — | — |
| X.AI LLC | xAI operating company | subsidiary | AI (segment) · index grouping | in Exhibit 21 |
| X Corp. | Operates the X platform | subsidiary | AI (segment) · index grouping | in Exhibit 21 |
| Colossus (CTC Property) as cited: CTC Property | Memphis AI training clusters | subsidiary | AI (segment) · index grouping | CTC Property LLC in Exhibit 21 |
| X Money | Payments inside X (launched Jul 2026) | product | X Corp. · index grouping | — |
| Tesla | Scored separately in this universe — a separate public company; SEC filings list Tesla/Boring/Neuralink as related parties only; announced JVs are not consolidation | UBO | — | — |
Public umbrella: Space Exploration Technologies Corp. (Nasdaq: SPCX; IPO June 2026; segments Space / Connectivity / AI). Cursor (scored) wholly owned since 2026-08-14 per 8-K. [source]
The Exhibit 21 lists four significant subsidiaries, and all of them are shown above. [source]
RELX
Elsevier/Scopus, LexisNexis
| # | Platform | Sector | Ticker | Mkt cap | Capture | Escape | B | Zone |
|---|---|---|---|---|---|---|---|---|
| 01 | Elsevier/Scopus | Education, Research & Professional Information | REL.L | $80B (RELX) | 1.84 | 0.27 | 6.89 | BLACK HOLE |
| 02 | LexisNexis | Education, Research & Professional Information | REL.L sub | N/A | 1.85 | 0.29 | 6.46 | BLACK HOLE |
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Group network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| LexisNexis Risk Solutions [2] as cited: Risk | Risk and identity analytics division | division | — | £3,485M revenue (FY2025) |
| ThreatMetrix | Digital identity network | subsidiary | LexisNexis Risk Solutions · index grouping | — |
| ICIS | Commodities intelligence | brand | LexisNexis Risk Solutions · index grouping | — |
| Cirium | Aviation analytics | brand | LexisNexis Risk Solutions · index grouping | — |
| RX (Reed Exhibitions) [2] as cited: Exhibitions | Trade exhibitions | division | — | £1,186M revenue (FY2025) |
| SSRN | Preprint repository | brand | Elsevier/Scopus · index grouping | Elsevier-owned since 2016 |
| Mendeley / ScienceDirect / The Lancet / Cell Press as cited: ScienceDirect | Research platforms and imprints | brand | Elsevier/Scopus · index grouping | — |
| Law360 / Lex Machina as cited: Lex Machina | Legal news and litigation analytics | brand | LexisNexis · index grouping | — |
RX ran 274 face-to-face events across 25 countries in 2025. [source]
Scored "LexisNexis" = the Legal division; Risk is a separate division and the largest of the four by revenue in FY2025, at £3,485M. [source]
Note 28 of the FY2025 accounts lists some two hundred related undertakings, the large majority country holding or finance entities. [source]
Deutsche Telekom
Deutsche Telekom, T-Mobile US
| # | Platform | Sector | Ticker | Mkt cap | Capture | Escape | B | Zone |
|---|---|---|---|---|---|---|---|---|
| 01 | Deutsche Telekom | Telecom & Connectivity | DTE.DE | $180B+ | 1.71 | 0.34 | 4.97 | BLACK HOLE |
| 02 | T-Mobile US | Telecom & Connectivity | TMUS | $215B | 1.38 | 0.41 | 3.38 | BLACK HOLE |
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Group network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Telekom Deutschland | German fixed + mobile operator | subsidiary | — | 100% |
| congstar | German discount mobile brand | brand | Telekom Deutschland · index grouping | seven million customers reached (2025) |
| T-Systems [2] | Enterprise IT services | subsidiary | — | Systems Solutions segment revenue €4.1B (2025) · 100% (principal-subsidiaries note) |
| Magenta Telekom (Austria) as cited: T-Mobile Austria Holding | Austrian operator | subsidiary | — | 100% (AR 2025; entity: T-Mobile Austria Holding GmbH) |
| OTE / Cosmote (Greece) as cited: Hellenic Telecommunications | Greek incumbent | majority stake | — | €3,634M net revenue (subgroup, AR 2025) · 54.62% (AR 2025) |
| Hrvatski Telekom | Croatian incumbent | majority stake | — | €1,142M net revenue (subgroup, AR 2025) · 54.56% (AR 2025) |
| Magyar Telekom | Hungarian incumbent | majority stake | — | €2,475M net revenue (subgroup, AR 2025) · 65.78% (AR 2025) |
| Slovak Telekom / T-Mobile Czech / T-Mobile Polska as cited: Slovak Telekom | Central-European operators | subsidiary | — | each 100% (AR 2025) |
| Metro / Mint / Ultra Mobile as cited: Metro by T-Mobile | US prepaid brands | brand | T-Mobile US · index grouping | — |
T-Mobile US (scored): DT holds 45.62% of capital, 52.58% incl. treasury shares, 56.66% of voting rights (AR 2025) — consolidated with a voting majority. [source]
GD Towers: 48.97% associate since the 2023 sale (deconsolidated). GlasfaserPlus: a 50.0% fibre joint venture. [source]
Salesforce
Salesforce, Slack
| # | Platform | Sector | Ticker | Mkt cap | Capture | Escape | B | Zone |
|---|---|---|---|---|---|---|---|---|
| 01 | Salesforce | SaaS & Cloud | CRM | $260B | 1.85 | 0.39 | 4.76 | BLACK HOLE |
| 02 | Slack | SaaS & Cloud | CRM | (Salesforce) | 1.36 | 0.54 | 2.52 | BLACK HOLE |
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Group network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Informatica [2] | Data management / MDM | subsidiary | — | ≈$8B equity value net of prior investment (announcement, 27 May 2025); closed 2025-11-18 (completion release) |
| Tableau | Analytics / BI | subsidiary | — | in Exhibit 21 |
| MuleSoft | API integration | subsidiary | — | in Exhibit 21 |
| Heroku | Developer PaaS | subsidiary | — | in Exhibit 21 |
| Own Data Company | SaaS data protection | subsidiary | — | $2.1B purchase consideration (FY2026 10-K) |
| Qualified | Agentic pipeline AI | subsidiary | — | $1.2B, closed Apr 2026 |
| Data Cloud | Customer data platform | product | — | — |
| Agentforce | AI-agent platform | product | — | — |
Pending (announced, not closed as of 02.09.2026): Intercom ~$3.6B; Contentful ~$1.5B — per the Q2-FY27 10-Q. [source]
The Exhibit 21 runs to about a hundred and fifty rows, the great majority of them branch and representative-office registrations; Vlocity and Spiff were absorbed and leave no entity. [source]
Binance
BNB, Binance (Exchange)
| # | Platform | Sector | Ticker | Mkt cap | Capture | Escape | B | Zone |
|---|---|---|---|---|---|---|---|---|
| 01 | BNB | Crypto Assets | BNB | $85.9B | 1.56 | 0.45 | 3.47 | BLACK HOLE |
| 02 | Binance (Exchange) | Crypto Infrastructure | BNB | Private | 1.56 | 0.45 | 3.47 | BLACK HOLE |
Ultimate beneficial owner: founder CZ — the 2023 US settlement required him to step down as CEO but did not require divestiture of his ownership. [source]
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Group network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| CoinMarketCap | Crypto market data | subsidiary | — | 2020; price undisclosed, press estimate ≈$400M |
| Binance Holdings (IE) Limited [2] | Holding company that has owned at least 24 corporate entities acting as Binance’s virtual asset service providers and holding its non-U.S. licences, per the CFTC complaint (an unadjudicated pleading, filed March 2023) | subsidiary | — | — |
| Trust Wallet | Self-custody wallet — acquired by Binance 2018, later spun out; owned personally by CZ | UBO | — | — |
| BAM Management (Binance.US) | US exchange — separate affiliate; SEC complaint (unadjudicated pleading) put CZ at 81% of BAM Management | UBO | — | — |
BNB Chain: Binance-seeded network, positioned as community-run. [source]
Group entity chain per the CFTC complaint (an unadjudicated pleading, filed March 2023): Binance Holdings Ltd under Binance (Services) Holdings Ltd, wholly owned by CZ. [source] [source 2]
Binance Labs was renamed YZi Labs and no longer carries Binance branding on its own site. [source]
Uber Technologies
Uber (Mobility), Uber Eats
| # | Platform | Sector | Ticker | Mkt cap | Capture | Escape | B | Zone |
|---|---|---|---|---|---|---|---|---|
| 01 | Uber (Mobility) | Automotive & Mobility | UBER | $170B+ | 1.37 | 0.53 | 2.59 | BLACK HOLE |
| 02 | Uber Eats | E-Commerce | UBER sub | N/A | 0.89 | 0.63 | 1.41 | EVENT HORIZON |
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Group network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Uber Freight as cited: Freight Holding | Digital logistics | majority stake | — | 84% and 90% of Uber Freight (80% and 85% fully diluted) at the two year-ends (FY2025 10-K) |
| Transplace | Transportation management | subsidiary | Uber Freight · index grouping | acquired by Uber Freight, November 2021 |
| Postmates | US delivery brand | brand | — | $2.65B, 2020 |
| Careem (ride-hailing) | MENA ride-hailing | subsidiary | — | ridesharing business fully owned (Q2-2026 10-Q) |
| Careem Technologies | MENA super app | majority stake | — | controlling interest from 2026-07-30 (Q2-2026 10-Q Note 3); previously ~45% equity-method |
| Trendyol GO | Turkish delivery | majority stake | — | 92% (Q2-2026 10-Q) |
| SpotHero | Parking aggregator | subsidiary | — | $617M, closed Apr 2026 |
Pending: Delivery Hero takeover agreed 2026-07-16, in which Uber already holds 24.99%. Uber also carries minority equity stakes — Didi, Grab, Aurora and Lime — which are investments, not members of the group. [source]
Drizly was shut down in 2024 and folded into Uber Eats. [source]
The Exhibit 21 lists significant subsidiaries only. [source]
Single-platform corporations — tier 1Below, the same network treatment for 146 corporations where exactly one product is scored in this universe: the scored platform keeps its own B; the surrounding corporate network is shown for context only, selected by materiality (not exhaustive), every row source-linked. Control nuances (VIE structures, chaebol cross-holdings, family voting pools) are stated per corporation. No corporate composite is computed, and all scores are single-evaluator (see Validation).
Tencent
scored: WeChat — B 17.03 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Weixin [2] | Domestic super-app (China) | division | — | contracting entity: Shenzhen Tencent Computer Systems (see the VIE note below) |
| Instant messaging | division | — | — | |
| Tencent Games | Online games (Honour of Kings) | division | — | — |
| Riot Games | League of Legends | subsidiary | Tencent Games · index grouping | 100% (AR2025) |
| Supercell | Mobile games (Clash of Clans) | majority stake | Tencent Games · index grouping | 93.48% (AR2025) |
| Tencent Music Entertainment as cited: Tencent Music | Music streaming, NYSE/HKEX listed | majority stake | — | 53.26% (AR2025) |
| Tencent Video | Long-form video | division | — | — |
| Tencent Cloud | Cloud computing | division | — | — |
| Weixin Pay / WeChat Pay as cited: Weixin | Payments (FinTech) | division | — | — |
| China Literature | Online literature, listed | majority stake | — | 57.46% (AR2025) |
PRC operations run through a VIE: Shenzhen Tencent Computer Systems is legally owned by core founders and consolidated by contract (AR2025, controlled structured entities). [source]
Sea: Tencent holds 17.0% with voting proxied to Sea’s board (Sea FY2025 20-F). [source]
Spotify: Tencent holds 8.1% of ordinary shares and none of the beneficiary voting shares (Spotify FY2025 20-F). [source]
ByteDance
scored: TikTok — B 2.24 · EVENT HORIZON
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Douyin | Domestic short video (China) | division | — | — |
| Toutiao | News aggregation | division | — | — |
| CapCut | Video editing | division | — | — |
| Lark / Feishu as cited: Feishu | Enterprise collaboration | division | — | — |
| Volcengine | Cloud services — the unit’s own name, not the translation “Volcano Engine” this map carried before | division | — | — |
| TikTok Shop | E-commerce inside TikTok | division | TikTok · index grouping | — |
| Pico | VR headsets (downsized since 2023) | subsidiary | — | — |
US TikTok operations sit in TikTok USDS Joint Venture LLC (closed January 2026): ByteDance retains 19.9%; Oracle, Silver Lake and MGX hold 15% each with an American-majority board. [source]
Cayman-incorporated private company with a VIE-type PRC structure; ByteDance files no ownership schedule, so the split between founders, global investors and employees is reported rather than disclosed. [source]
GoTo’s Tokopedia is TikTok-controlled: 75.01% since February 2024. [source] [source 2]
Sony
scored: PlayStation Network — B 3.64 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Sony Interactive Entertainment | PlayStation and PSN (G&NS segment) | subsidiary | — | — |
| Bungie | Game studio (Destiny) | subsidiary | Sony Interactive Entertainment · index grouping | — |
| Sony Pictures Entertainment | Film and TV | subsidiary | — | — |
| Crunchyroll | Anime streaming | division | Sony Pictures Entertainment · index grouping | — |
| Sony Music Entertainment | Recorded music and publishing | subsidiary | — | — |
| Aniplex | Anime production (Demon Slayer) | subsidiary | Sony Music Entertainment · index grouping | — |
| Sony Semiconductor Solutions | Image sensors | subsidiary | — | — |
Sony Financial Group was partially spun off and deconsolidated on 1 October 2025; Sony retains 16.40% (equity method, FY2025 20-F). [source]
Samsung
scored: Samsung — B 3.11 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| DX Division | Smartphones, TVs, appliances | division | — | — |
| DS Division | Memory, System LSI, Foundry | division | — | — |
| Samsung Display as cited: Samsung Display Co | OLED panels | majority stake | — | 84.8% (H1-2026 interim report) |
| Harman International | Automotive electronics, audio | subsidiary | — | 100% |
Chaebol structure with no holding company: Samsung Life and Samsung C&T hold the largest blocks of Samsung Electronics, and control runs through the Lee family and cross-holdings rather than through a parent. The shareholder table is linked; in its flattened text holders and percentages cannot be paired mechanically, so none is quoted here. [source]
Group affiliates are NOT Samsung Electronics subsidiaries: Samsung SDS 22.6%, Samsung Biologics 31.2%, Samsung SDI 19.4% (equity-method stakes per the interim report). [source]
Disney
scored: Disney+ — B 0.71 · TRANSITION
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Entertainment (segment) | Studios, networks, streaming | division | — | — |
| Hulu | Streaming | subsidiary | Entertainment (segment) · index grouping | NBCU 33% interest bought out 2025 (+$438.7M appraisal payment) |
| Pixar / Marvel / Lucasfilm / 20th Century as cited: Lucasfilm | Film production brands | brand | Entertainment (segment) · index grouping | — |
| ABC | Broadcast network | division | Entertainment (segment) · index grouping | — |
| Sports (segment) / ESPN as cited: ESPN | Sports networks and DTC | majority stake | — | ESPN generally owned 80% by the company (FY2025 10-K); DTC launched August 2025 |
| Experiences (segment) | Parks, cruises, products | division | — | — |
Roche
scored: Roche — B 3.88 · BLACK HOLE
Founding families (Hoffmann/Oeri) shareholder pool holds the voting majority (≈67.5% upon completion of the repurchase of the Novartis stake). [source]
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Pharmaceuticals | Prescription medicines | division | — | — |
| Diagnostics | In-vitro diagnostics | division | — | — |
| Genentech [2] | US biotech, R&D hub | subsidiary | Pharmaceuticals · index grouping | wholly owned since 2009 |
| Chugai Pharmaceutical | Japan pharma, Tokyo-listed | majority stake | Pharmaceuticals · index grouping | Roche-controlled; see the note below for the holding |
| Foundation Medicine | Genomic profiling | subsidiary | — | wholly owned (2018 tender offer) |
| Flatiron Health | Oncology real-world data | subsidiary | — | independent affiliate of the Roche Group |
Roche Holding Ltd is listed on Chugai’s own shareholder page as holding 61.10% of its shares and 61.12% of voting interest. [source]
Thomson Reuters
scored: Westlaw (Thomson Reuters) — B 6.63 · BLACK HOLE
Controlled company: the Thomson family’s Woodbridge holds 67.91% (13D/A, April 2026). [source]
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Legal Professionals (segment) | Legal research and workflow | division | — | — |
| Practical Law | Legal know-how | product | Legal Professionals (segment) · index grouping | — |
| CoCounsel | GenAI legal assistant (ex-Casetext) | product | Legal Professionals (segment) · index grouping | closed 2023 (ex-Casetext) |
| Corporates (segment) | Legal and tax for corporations (ONESOURCE) | division | — | — |
| Tax, Audit & Accounting (segment) | Tax and audit software | division | — | — |
| Reuters | News agency | division | — | — |
Thomson Reuters sold all of its remaining LSEG shares in 2024 — no stake remains. [source]
LSEG
scored: Refinitiv/LSEG — B 2.19 · EVENT HORIZON
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Data & Analytics | Workspace, feeds (Refinitiv lineage) | division | — | — |
| FTSE Russell | Benchmarks and indices | division | — | — |
| Risk Intelligence | World-Check screening | division | — | — |
| Markets | Venues and clearing | division | — | — |
| London Stock Exchange | UK listing venue | division | Markets · index grouping | — |
| LCH Group | Clearing houses | majority stake | Markets · index grouping | 94.4% (AR2025) |
| Tradeweb Markets | Rates/credit trading, Nasdaq-listed | majority stake | Markets · index grouping | ≈89.9% of combined voting power via Refinitiv (Tradeweb 10-K: “LSEG controls us”) |
| Post Trade Solutions | Post-trade optimisation | majority stake | — | 80% (20% sold to 11 banks, 2025) |
Microsoft announced a 10-year partnership with LSEG in 2022, including acquiring an approximately 4% equity stake and a board appointment (announcement basis). [source]
SoftBank Group
scored: ARM Holdings — B 4.23 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| SoftBank Vision Funds 1 & 2 as cited: SoftBank Vision Fund | Investment funds (consolidated) | division | — | — |
| SoftBank Corp. (telco) | Domestic Japanese telco, TSE-listed | majority stake | — | 40.1% voting, consolidated via de facto control (FR FY2026) |
| LY Corporation | Yahoo! Japan + LINE | majority stake | SoftBank Corp. (telco) · index grouping | 62.4% group voting; the group holds 50.0% of the voting rights of A Holdings Corporation and appoints the majority of its board |
| PayPay | Mobile payments (Nasdaq IPO March 2026) | majority stake | SoftBank Corp. (telco) · index grouping | ≈90.62% group-held post-IPO (PayPay 20-F) |
| Ampere Computing | Arm-based server CPUs | subsidiary | — | acquisition completed in the quarter ended December 2025; reported in the new AI computing segment |
ARM Holdings (the scored platform) is ≈86.4% held by SoftBank via Kronos II LLC (Arm FY2026 20-F). [source]
OpenAI exposure runs through Vision Fund 2 (2025–2026 investments announced). [source]
Sea Limited
scored: Shopee/Sea — B 3.03 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Garena | Games (Free Fire) | division | — | — |
| Monee (ex-SeaMoney) | Credit, payments, banking | division | — | rebranded May 2025 |
| MariBank [2] | Digital bank (SG; PH since 2025) | subsidiary | Monee (ex-SeaMoney) · index grouping | — |
| SPX Express [2] | Logistics | subsidiary | — | — |
Dual-class: founder Forrest Li holds 57.6% of voting power with 16.0% economic interest (FY2025 20-F). [source]
Tencent holds 17.0% of ordinary shares with voting irrevocably proxied to Sea’s board (2022). [source]
GoTo Group
scored: Gojek/GoTo — B 3.46 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| GoTo Financial [2] | Payments, lending | division | — | — |
| GoPay [2] | Consumer payments | subsidiary | GoTo Financial · index grouping | — |
Tokopedia is NOT GoTo-controlled since February 2024: TikTok/ByteDance holds 75.01%; GoTo retains a 24.99% equity-method associate stake and a service-fee stream on GMV (AR2024). [source] [source 2]
PT Bank Jago: a 21.40% affiliate held indirectly through PT DKAB (AR2025). [source] [source 2]
Alibaba Group
scored: Alibaba/Taobao — B 4.97 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| China E-commerce Group | Taobao, Tmall, Xianyu, 1688 | division | — | — |
| Taobao Instant Commerce | Quick commerce (ex-Ele.me, rebranded FY2026) | division | China E-commerce Group · index grouping | — |
| AIDC | AliExpress, Lazada, Trendyol, Daraz | division | — | — |
| Cloud Intelligence Group | Alibaba Cloud, Qwen, DingTalk | division | — | — |
| Cainiao | Logistics | subsidiary | — | consolidated; exact % undisclosed in the 20-F |
| Freshippo (Hema) | Grocery new retail | subsidiary | — | — |
| Alibaba Health | HK-listed health platform | majority stake | — | — |
Ant Group (Alipay) is a 33% fully-diluted equity-method affiliate — NOT a subsidiary; Jack Ma’s control was unwound in the 2023 restructuring (FY2026 20-F). [source]
PRC operations partly run through the “Enhanced VIE Structure”; the 20-F itself warns the contracts “may not be as effective” as direct ownership. [source]
Broadcom
scored: Broadcom — B 7.19 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Semiconductor Solutions | Reportable segment | division | — | — |
| Infrastructure Software | Reportable segment | division | — | — |
| VMware LLC [2] as cited: VMware | Virtualization and private cloud | subsidiary | Infrastructure Software · index grouping | acquired November 2023; total consideration $86,290M |
| VMware International Unlimited Company | VMware entity (Ireland) | subsidiary | VMware LLC · index grouping | — |
| CA, Inc. [2] | Named in the acquisition history | subsidiary | Infrastructure Software · index grouping | — |
| Broadcom Corporation | Legacy semiconductor entity (California) | subsidiary | — | — |
| Symantec | Endpoint security solutions | brand | Infrastructure Software · index grouping | — |
| Carbon Black | Endpoint detection and response | brand | Infrastructure Software · index grouping | — |
| Brocade Communications Systems | Fibre Channel SAN, acquired business | brand | Infrastructure Software · index grouping | — |
| VMware Cloud Foundation | Private cloud platform | product | Infrastructure Software · index grouping | — |
Two reportable segments only. The software side is run as five portfolios — private cloud, mainframe software, cybersecurity, enterprise software and FC SAN management — which are not separate legal entities. [source]
VMware’s end-user computing business left the group: it was sold to KKR in July 2024 for cash consideration of $3.5 billion. [source]
Symantec, Carbon Black and Brocade are named in the 10-K but have no separately named entity in the FY2025 Exhibit 21, which lists significant subsidiaries only. [source]
Intel
scored: Intel — B 3.60 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Intel Foundry | Reportable segment: technology development and manufacturing | division | — | — |
| Client Computing Group | Reportable segment | division | — | — |
| Data Center and AI as cited: DCAI | Reportable segment | division | — | — |
| Mobileye Global Inc. [2] as cited: Mobileye | Driver-assistance and autonomous driving | majority stake | — | 80% ownership interest (FY2025 10-K) |
| IMS Nanofabrication as cited: IMS | Multi-beam mask writing tools | majority stake | — | 68% ownership interest (FY2025 10-K) |
| Ireland SCIP | Fab co-investment vehicle | majority stake | — | 49% non-controlling interest (FY2025 10-K) |
| Arizona SCIP | Fab co-investment vehicle | majority stake | — | 49% non-controlling interest (FY2025 10-K) |
| Intel Electronics Ltd. | Operating entity (Israel) | subsidiary | — | — |
| Componentes Intel de Costa Rica | Operating entity (Costa Rica) | subsidiary | — | — |
| Intel Products Vietnam | Operating entity (Vietnam) | subsidiary | — | — |
| Gaudi | AI accelerator line | product | Data Center and AI · index grouping | — |
Altera is no longer controlled: Intel completed the divestiture of 51% to a Silver Lake affiliate in September 2025 for net consideration of $4.3 billion and retains a 49% interest accounted for under the equity method, carried at $3.2 billion. [source]
The holding runs in the other direction too: NVIDIA acquired 215 million Intel shares at $23.28 per share, completed December 2025. [source]
Intel Foundry is an operating segment, not a separate legal entity; Mobileye and IMS are reported outside the three segments. Habana Labs appears in neither the FY2025 10-K nor its Exhibit 21 — only the Gaudi product line survives. [source]
NVIDIA
scored: NVIDIA (CUDA) — B 8.29 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Compute & Networking | Reportable segment | division | — | — |
| Graphics | Reportable segment | division | — | — |
| Mellanox Technologies, Ltd [2] | InfiniBand and Ethernet networking | subsidiary | Compute & Networking · index grouping | acquired 2020; the Exhibit 21 states its listed subsidiaries are 100% owned |
| NVIDIA International Inc. as cited: NVIDIA International, Inc. | International entity | subsidiary | — | — |
| NVIDIA Singapore Pte Ltd | International entity | subsidiary | — | — |
| DPU | Processor class introduced with Mellanox | product | Compute & Networking · index grouping | — |
| NVIDIA AI Enterprise | Enterprise AI software suite | product | — | — |
| DGX Cloud | Managed AI-training service | product | — | described in the FY2025 10-K; not named in the FY2026 filing |
| NVIDIA Run:ai | GPU workload orchestration | product | — | — |
The legal structure is unusually small for the size of the company: the FY2026 Exhibit 21 names three subsidiaries, while stating that it omits those which in the aggregate would not be significant. [source]
NVIDIA never owned Arm. The acquisition was terminated in February 2022; SoftBank retained the $1.25 billion prepayment and NVIDIA retained a 20-year licence. [source]
Adobe
scored: Adobe Creative Cloud — B 4.30 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Digital Media | Reportable segment through fiscal 2025 | division | — | — |
| Digital Experience | Reportable segment through fiscal 2025 | division | — | — |
| Publishing and Advertising | Reportable segment through fiscal 2025 | division | — | — |
| Marketo, Inc. [2] as cited: Marketo | Marketing automation (Marketo Engage) | subsidiary | Digital Experience · index grouping | — |
| Workfront LLC [2] as cited: Workfront | Work management | subsidiary | Digital Experience · index grouping | — |
| Frame.io, Inc. | Entity named in the Exhibit 21 | subsidiary | — | — |
| X.commerce, Inc. | Magento-related entity | subsidiary | — | — |
| MagentoTech LLC | Magento-related entity | subsidiary | — | — |
| Allegorithmic SAS | Entity named in the Exhibit 21 (France) | subsidiary | — | — |
| Adobe Commerce | End-to-end commerce platform | product | Digital Experience · index grouping | — |
| Adobe Substance 3D Collection | 3D authoring applications | product | — | — |
| Behance | Creative portfolio network | brand | — | — |
The three segments above are how Adobe reported fiscal 2025. The same filing states that from the first quarter of fiscal 2026 they are combined into a single operating and reportable segment, so this structure is in transition. [source]
The Figma acquisition was abandoned: Adobe incurred a $1 billion termination fee, recorded in fiscal 2024. [source]
Several acquisitions still carry more than one legal shell: Magento has four in the Exhibit 21 (X.commerce, MagentoTech Inc., MagentoTech LLC, Magento Commerce International Limited), and Marketo and Workfront two each. Frame.io, Allegorithmic and Behance are not named in the 10-K at all. [source]
SAP
scored: SAP — B 7.21 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Concur Technologies, Inc. as cited: Concur | Travel, expense and invoice management | subsidiary | — | — |
| Ariba, Inc. as cited: Ariba | Source-to-pay procurement | subsidiary | — | — |
| SAP America, Inc. | US operating entity | subsidiary | — | — |
| SAP Deutschland SE & Co. KG | German operating entity | subsidiary | — | — |
| WalkMe [2] | Digital adoption platform | subsidiary | — | acquired 2024 at $14.00 per share, equity value about $1.5 billion |
| SAP S/4HANA Cloud | Cloud ERP suite | product | — | — |
| SAP SuccessFactors | Human capital management | product | — | — |
| SAP Business Technology Platform | Development and integration platform | product | — | — |
| SAP Signavio | Business process management | product | — | — |
| SAP LeanIX [2] | Enterprise architecture management | product | — | — |
Qualtrics was divested: SAP announced in March 2023 that it had agreed to sell all 423 million of its shares, and the sale to Silver Lake and CPP Investments completed at $18.15 in cash per share. [source] [source 2]
SAP’s notice records the transfer of LeanIX GmbH into SAP SE with effect from 1 January 2025, so LeanIX is a product line rather than a separate entity. [source]
SAP files no US Exhibit 21, and its 20-F subsidiary table is revenue-ranked and dominated by country sales entities, so the suites above are shown as products rather than as legal entities. [source]
Intercontinental Exchange
scored: ICE — B 7.40 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Exchanges | Reportable segment | division | — | — |
| Fixed Income and Data Services | Reportable segment | division | — | — |
| Mortgage Technology | Reportable segment | division | — | — |
| NYSE Group, Inc. | NYSE holding entity | subsidiary | — | — |
| New York Stock Exchange LLC [2] | US equities exchange | subsidiary | — | — |
| NYSE Arca, Inc. | ETF and options exchange | subsidiary | — | — |
| NYSE American LLC | Equities and options exchange | subsidiary | — | — |
| ICE Clear Europe Limited [2] | European clearing house | subsidiary | Exchanges · index grouping | — |
| ICE Clear U.S., Inc. [2] | US futures clearing house | subsidiary | Exchanges · index grouping | — |
| ICE Clear Credit LLC [2] | Credit default swap clearing house | subsidiary | Fixed Income and Data Services · index grouping | — |
| ICE Mortgage Technology Holdings, Inc. [2] | Mortgage workflow platform | subsidiary | Mortgage Technology · index grouping | — |
| MERSCORP Holdings, Inc. [2] | Mortgage electronic registry (MERS database) | subsidiary | Mortgage Technology · index grouping | — |
| ICE Bonds Securities Corporation as cited: ICE Bonds | Broker-dealer operating two registered trading systems | subsidiary | Fixed Income and Data Services · index grouping | — |
| ICE Data Pricing & Reference Data, LLC | Pricing and reference data entity | subsidiary | — | — |
| Interactive Data Holdings Corporation | Fixed income data entity | subsidiary | — | — |
Black Knight was acquired in September 2023 for aggregate consideration of approximately $11.8 billion and integrated into ICE Mortgage Technology; it has no surviving named entity in the FY2025 Exhibit 21. [source] [source 2]
ICE reports three segments while describing itself as operating as one business, leveraging expertise in data services and technology across its platforms; segment results are nonetheless reported separately. [source]
MERSCORP’s governing board is the board of ICE Mortgage Services, which a filing of March 2022 describes, together with ICE Mortgage Technology, as an ICE subsidiary. MERSCORP itself is named in the FY2025 filing as the MERS database within closing solutions. [source]
S&P Global
scored: S&P Global — B 7.12 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| S&P Global Ratings | Reportable segment: credit ratings | division | — | — |
| S&P Global Market Intelligence | Reportable segment: data and analytics | division | — | — |
| S&P Global Energy | Reportable segment, formerly S&P Global Platts | division | — | — |
| S&P Global Mobility | Reportable segment: automotive data | division | — | — |
| S&P Dow Jones Indices LLC [2] | Reportable segment: index provider | majority stake | — | 73.00% of voting securities (Exhibit 21) |
| CRISIL Limited [2] | Indian ratings and analytics | majority stake | — | 66.64% of voting securities (Exhibit 21) |
| CRISIL Ratings Limited | Indian credit ratings agency | majority stake | — | 66.64% of voting securities (Exhibit 21) |
| Kensho Technologies, LLC [2] as cited: Kensho | Machine-learning unit reported in corporate unallocated | subsidiary | — | 100.00% of voting securities (Exhibit 21) |
| Platts (U.K.) Limited as cited: Platts (U.K.) Limited | Commodity price assessment entity | subsidiary | — | 100.00% of voting securities (Exhibit 21) |
| IHS Markit Ltd. | Former IHS Markit parent, retained after the merger | subsidiary | — | 100.00% of voting securities (Exhibit 21) |
| Carfax, Inc. | Vehicle history reports | subsidiary | — | 100.00% of voting securities (Exhibit 21) |
Five reportable segments. S&P Dow Jones Indices is the only one of them that is not wholly owned; the exhibit also carries partly-owned subsidiaries such as CRISIL at 66.64% and Carfax Europe at 97.00%. The percentages are the exhibit’s voting-securities column, not economic interest. [source]
The board decided in April 2025 to pursue a full separation of the Mobility segment into a new publicly traded company, so that division is in transition. [source]
OSTTRA is no longer part of the group: S&P Global and CME Group completed its sale to KKR in October 2025 at a total enterprise value of $3.1 billion. [source]
Moody’s
scored: Moodys — B 6.94 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Moody’s Investors Service as cited: MIS | Reportable segment: credit ratings | division | — | — |
| Moody’s Analytics as cited: MA | Reportable segment: data, research and decision tools | division | — | — |
| Moody’s Ratings [2] | Public name of the ratings division | brand | — | — |
| Moody’s Investors Service, Inc. | US ratings entity | subsidiary | — | — |
| Moody’s Analytics, Inc. | US analytics entity | subsidiary | — | — |
| Bureau van Dijk Electronic Publishing Inc. | Entity named in the Exhibit 21 | subsidiary | — | — |
| Risk Management Solutions, Inc. [2] as cited: RMS | Climate and natural-disaster risk modelling | subsidiary | — | acquired September 2021 |
| RMS Worldwide, Inc. | RMS international entity | subsidiary | — | — |
| ICRA Limited [2] as cited: ICRA | Indian credit ratings and research | majority stake | Moody’s Investors Service · index grouping | majority-owned; no percentage is disclosed |
| Korea Investors Service, Inc. | Korean credit ratings agency | majority stake | — | majority-owned; no percentage is disclosed |
| Cape Analytics, Inc. [2] as cited: CAPE Analytics | Property intelligence, acquired 2025 | subsidiary | — | — |
Moody’s publishes no ownership percentages: its exhibit is headed as a list of active, majority-owned subsidiaries, so the affiliates above can be shown as majority-owned and no further. [source]
The corporate site presents the ratings division as Moody’s Ratings; the FY2025 filing uses both that name and Moody’s Investors Service. [source] [source 2]
PayPal
scored: PayPal — B 1.18 · TRANSITION
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Venmo | Mobile application for moving money between people | brand | — | — |
| Xoom | International money transfer service | brand | — | — |
| Hyperwallet | Payout capabilities | brand | — | — |
| Braintree | Trademark named in the FY2025 10-K | brand | — | — |
| Honey | Trademark named in the FY2025 10-K | brand | — | — |
| PayPal Open | Trademark named in the FY2025 10-K | brand | — | — |
| PayPal Credit | Consumer credit brand | brand | — | — |
| Paidy Inc. [2] | Entity named in the Exhibit 21 (Japan) | subsidiary | — | — |
| Bill Me Later, Inc. | Consumer credit entity | subsidiary | — | — |
| PayPal (Europe) S.à r.l. et Cie, S.C.A. [2] as cited: PayPal (Europe) | Licensed as a credit institution in Luxembourg | subsidiary | — | — |
| PayPal, Inc. | US operating entity | subsidiary | — | — |
| PayPal Point of Sale | In-person point of sale, formerly PayPal Zettle | product | — | — |
This is almost entirely a brand layer: Venmo, Braintree, Honey, Xoom and Hyperwallet appear in the 10-K as trademarks and have no separately named entity in the FY2025 Exhibit 21. Paidy is the exception. [source] [source 2]
Happy Returns is no longer part of the group: the sale to United Parcel Service completed in November 2023 for approximately $466 million in cash. [source]
Block
scored: Block (Square) — B 2.92 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Square | Reportable segment: seller commerce | division | — | — |
| Cash App | Reportable segment: consumer finance | division | — | — |
| Afterpay | Buy-now-pay-later capability | brand | Cash App · index grouping | — |
| Afterpay Holdings Pty Ltd | Australian entity | subsidiary | — | — |
| Afterpay US, Inc. | US entity | subsidiary | — | — |
| Square Financial Services, Inc. [2] | Wholly-owned subsidiary bank | subsidiary | Square · index grouping | — |
| Square Capital, LLC | Entity named in the Exhibit 21 | subsidiary | — | — |
| TIDAL | Platform for musicians and their fans | brand | — | — |
| Bitkey | Self-custody bitcoin wallet | product | — | — |
| Proto | Bitcoin mining system | product | — | — |
Spiral is not shown as a member: the filing calls it an independent team that Block supports, which is outside the operational-control contour these maps draw. [source]
The company trades as XYZ: its Class A common stock is on the New York Stock Exchange and its depositary interests on the ASX, both under that symbol. [source]
There are only two reportable segments. The filing places TIDAL and other emerging ecosystems outside them, in a general corporate and other category, and neither TIDAL nor Bitkey nor Proto has a separately named entity in the Exhibit 21. [source] [source 2]
Booking Holdings
scored: Booking.com — B 2.39 · EVENT HORIZON
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Booking.com B.V. [2] | Accommodation marketplace entity | subsidiary | — | 100% (Exhibit 21 percent-ownership column) |
| Booking.com Holding B.V. | Entity named in the Exhibit 21 | subsidiary | — | 100% (Exhibit 21) |
| Agoda Company Pte. Ltd. [2] as cited: Agoda Company | Asia-Pacific accommodation marketplace | subsidiary | — | 100% (Exhibit 21) |
| Agoda Holding Company Limited | Entity named in the Exhibit 21 | subsidiary | — | 100% (Exhibit 21) |
| KAYAK Software Corporation [2] as cited: KAYAK | Metasearch; earns referral and advertising revenue | subsidiary | — | 100% (Exhibit 21) |
| OpenTable, Inc. [2] as cited: OpenTable | Restaurant reservations and subscription services | subsidiary | — | 100% (Exhibit 21) |
| priceline.com LLC | US travel marketplace entity | subsidiary | — | 100% (Exhibit 21) |
| priceline.com International Ltd. | Priceline international entity | subsidiary | — | 100% (Exhibit 21) |
| Getaroom | Acquisition named in the goodwill disclosure | brand | — | — |
Five consumer-facing brands — Booking.com, Priceline, Agoda, KAYAK and OpenTable — are aggregated into one reportable segment. [source]
The exhibit carries an explicit percent-ownership column and states 100% for every brand entity above, which is rare among these filings. [source]
Rentalcars is not shown: the brand appears in neither the FY2025 10-K nor its Exhibit 21, and ground transport is now a Booking.com vertical. [source]
Spotify
scored: Spotify — B 2.31 · EVENT HORIZON
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Premium | Reportable segment: subscription | division | — | — |
| Ad-Supported | Reportable segment: advertising | division | — | — |
| Spotify AB | Swedish operating entity | subsidiary | — | — |
| Spotify USA Inc. | US operating entity | subsidiary | — | — |
| Megaphone [2] | Podcast hosting for enterprise publishers | product | Ad-Supported · index grouping | — |
| Spotify for Creators | Podcast hosting for creators | product | Ad-Supported · index grouping | — |
| Spotify Audience Network | Audio advertising marketplace | product | Ad-Supported · index grouping | — |
| Gimlet | Podcast studio, wholly-owned indirect subsidiary as of December 2023 | subsidiary | — | — |
| Parcast | Podcast studio, wholly-owned indirect subsidiary as of December 2023 | subsidiary | — | — |
| Findaway | Acquisition named in the Q4-2022 shareholder letter | brand | — | — |
| Podsights | Acquisition named in the Q4-2022 shareholder letter | brand | — | — |
| Chartable | Acquisition named in the Q4-2022 shareholder letter | brand | — | — |
The legal structure carries none of this: the subsidiary exhibit lists only Spotify country entities, and none of the podcast or audiobook acquisitions appears there. [source]
The creator product has been renamed twice and the FY2025 filing calls it Spotify for Creators, so only that name is verifiable against it. [source]
Gimlet and Parcast are named as wholly-owned indirect subsidiaries in the FY2023 filing, in a disclosure about union representation; neither is named in the FY2025 filing. [source]
JPMorgan Chase
scored: JPMorgan Chase — B 6.13 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| JPMorgan Chase Bank, National Association | The bank: deposits, lending, payments | subsidiary | — | — |
| J.P. Morgan Securities LLC | US broker-dealer | subsidiary | — | — |
| J.P. Morgan Securities plc | UK broker-dealer | subsidiary | — | — |
| J.P. Morgan SE | EU bank, Germany | subsidiary | — | — |
| Paymentech, LLC | Merchant acquiring and card processing | subsidiary | — | — |
| JPMorgan Chase Holdings LLC | Intermediate holding company | subsidiary | — | — |
| J.P. Morgan Investment Management Inc. | Asset management | subsidiary | — | — |
| JPMorgan Asset Management (UK) Limited | Asset management, United Kingdom | subsidiary | J.P. Morgan Investment Management Inc. · index grouping | — |
| JPMorgan Asset Management (Europe) S.à r.l. | Asset management, Luxembourg | subsidiary | J.P. Morgan Investment Management Inc. · index grouping | — |
| JPMorgan Securities Japan Co., Ltd. | Japanese securities business | subsidiary | — | — |
| J.P. Morgan Services India Private Limited | Operations and technology services | subsidiary | — | — |
The exhibit lists only entities significant under SEC rules, plus entities designated as material legal entities for resolution planning under the Dodd-Frank Act. It is not the full corporate tree. [source]
First Republic does not appear in this map because no entity was acquired: the transaction was a purchase of assets and an assumption of liabilities from the receivership, so there is nothing to place under a parent. [source]
Goldman Sachs
scored: Goldman Sachs — B 4.11 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Goldman Sachs & Co. LLC | US broker-dealer | subsidiary | — | — |
| Goldman Sachs Bank USA | The bank: deposits, lending, consumer platform | subsidiary | — | — |
| Goldman Sachs International | UK broker-dealer | subsidiary | — | — |
| Goldman Sachs International Bank | UK bank | subsidiary | — | — |
| Goldman Sachs Bank Europe SE | EU bank, Germany | subsidiary | — | — |
| Goldman Sachs Asset Management, L.P. | Asset management | subsidiary | — | — |
| GSAM Holdings LLC | Asset management holding company | subsidiary | Goldman Sachs Asset Management, L.P. · index grouping | — |
| J. Aron & Company LLC | Commodities | subsidiary | — | — |
| Goldman Sachs Lending Partners LLC | Corporate lending | subsidiary | — | — |
| Goldman Sachs Mortgage Company | Mortgage business | subsidiary | — | — |
| Goldman Sachs Japan Co., Ltd. | Japanese securities business | subsidiary | — | — |
| Goldman Sachs Canada Inc. | Canadian business | subsidiary | — | — |
The registrant states that it owns, directly or indirectly, at least 99% of the voting securities of substantially all of the subsidiaries listed in the exhibit. [source]
The Apple Card is not shown as an exit: an agreement to transition the programme was entered into in December 2025 and completion is expected to take approximately 24 months, so the card is still issued from inside this perimeter. [source]
Charles Schwab
scored: Charles Schwab — B 2.26 · EVENT HORIZON
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Charles Schwab & Co., Inc. | The broker-dealer | subsidiary | — | — |
| Charles Schwab Bank, SSB | Texas-chartered state savings bank: where uninvested cash sits | subsidiary | — | — |
| Charles Schwab Premier Bank, SSB | Second Texas-chartered savings bank | subsidiary | — | — |
| Charles Schwab Trust Bank | Nevada-chartered savings bank, trust and retirement assets | subsidiary | — | — |
| Charles Schwab Futures and Forex LLC | Futures and foreign exchange | subsidiary | — | — |
| Charles Schwab Investment Management, Inc. | Manager of the in-house funds | subsidiary | — | — |
| Schwab Retirement Plan Services, Inc. | Employer retirement plans | subsidiary | — | — |
| Schwab Wealth Advisory, Inc. | Advisory service | subsidiary | — | — |
| Schwab Holdings, Inc. | Holding company | subsidiary | — | — |
No TD Ameritrade entity appears in the FY2025 exhibit; the acquired business is held inside the Schwab entities above rather than as a separate named subsidiary. [source]
Interactive Brokers
scored: Interactive Brokers — B 2.49 · EVENT HORIZON
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| IBG LLC | The operating holding company beneath the listed parent | subsidiary | — | — |
| Interactive Brokers LLC | The US broker-dealer: where a customer account is actually held | subsidiary | IBG LLC · index grouping | — |
| IB Exchange Corp. | Holds the non-US broker-dealers | subsidiary | IBG LLC · index grouping | — |
| ForecastEx LLC | Event-contract exchange | subsidiary | IBG LLC · index grouping | — |
| IBKR Security Services LLC | Securities lending services | subsidiary | IBG LLC · index grouping | — |
| Interactive Brokers Ireland Limited | EU broker-dealer after Brexit | subsidiary | IBG LLC · index grouping | — |
| Interactive Brokers (U.K.) Limited | UK broker-dealer | subsidiary | IB Exchange Corp. · index grouping | — |
| Interactive Brokers Hong Kong Limited | Hong Kong broker-dealer | subsidiary | IB Exchange Corp. · index grouping | — |
| Interactive Brokers Australia Pty Limited | Australian broker-dealer | subsidiary | IB Exchange Corp. · index grouping | — |
| Interactive Brokers Securities Japan, Inc. | Japanese broker-dealer | subsidiary | IB Exchange Corp. · index grouping | — |
| Interactive Brokers Canada Inc. | Canadian broker-dealer | subsidiary | IB Exchange Corp. · index grouping | — |
| Interactive Brokers Singapore Pte. Ltd | Singapore broker-dealer | subsidiary | IBG LLC · index grouping | — |
| IBKR Financial Services AG | Swiss entity | subsidiary | IB Exchange Corp. · index grouping | — |
| Covestor, Inc. | Portfolio-management service | subsidiary | IB Exchange Corp. · index grouping | — |
The broker a customer contracts with is not wholly owned by the listed company: IBG LLC owns 99.9% of Interactive Brokers LLC and Mr. Thomas Peterffy owns 0.1%. [source]
The same split applies to the securities-services entity, where IBG LLC owns 99.99% and Mr. Thomas Peterffy owns 0.01%. [source]
BlackRock
scored: BlackRock — B 5.21 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| BlackRock Fund Advisors | Adviser to the US index funds and ETFs | subsidiary | — | — |
| BlackRock Institutional Trust Company, National Association | Trustee for institutional index products | subsidiary | — | — |
| BlackRock Advisors, LLC | Registered investment adviser | subsidiary | — | — |
| BlackRock Investment Management, LLC | Registered investment adviser | subsidiary | — | — |
| BlackRock International Limited | Adviser, Scotland | subsidiary | — | — |
| BlackRock Japan Co., Ltd. | Japanese asset management | subsidiary | — | — |
| BlackRock Asset Management Canada Limited | Canadian asset management | subsidiary | — | — |
| eFront U.S., LLC | Private-markets software, part of the Aladdin platform | subsidiary | — | — |
| Preqin Holding Limited [2] | Private-markets data | subsidiary | — | the acquisition of 100% of the shares of Preqin completed in March 2025 |
| HPS Investment Partners, LLC [2] | Private credit | subsidiary | — | the acquisition of 100% of the business and assets of HPS completed on 1 July 2025 |
| Global Infrastructure Management, LLC | Infrastructure investment | subsidiary | — | — |
| Aperio Group, LLC | Direct indexing | subsidiary | — | — |
| SpiderRock Advisors, LLC | Option overlay strategies | subsidiary | — | — |
| Kreos Capital Israel Ltd. | Venture debt | subsidiary | — | — |
Aladdin is the risk and portfolio platform BlackRock both runs its own funds on and licenses to other managers, which is why the software acquisitions above sit in the same perimeter as the funds. [source]
Equifax
scored: Equifax — B 5.98 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Equifax Information Services LLC | The US consumer credit bureau | subsidiary | — | — |
| Equifax Workforce Solutions LLC | Employment and income verification | subsidiary | — | — |
| TALX UCM Services, Inc. | The verification business acquired as TALX | subsidiary | Equifax Workforce Solutions LLC · index grouping | — |
| Equifax Consumer Services LLC | Direct-to-consumer products | subsidiary | — | — |
| Kount Inc. | Fraud prevention and identity | subsidiary | — | — |
| Appriss Insights, LLC | Criminal-records data | subsidiary | — | — |
| Equifax Limited | United Kingdom | subsidiary | — | — |
| Equifax Canada Co. | Canadian bureau | subsidiary | — | — |
| Boa Vista Serviços S.A. | Brazilian bureau | subsidiary | — | — |
| Equifax Servicios de Informacion Sobre Solvencia y Credito S.L. | Spain | subsidiary | — | — |
The company reports three operating segments; the entities above are legal entities from the subsidiary exhibit and do not map one-to-one onto them. [source]
TransUnion
scored: TransUnion — B 5.57 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Trans Union LLC | The US consumer credit bureau | subsidiary | — | — |
| TransUnion Interactive, Inc. | Direct-to-consumer products | subsidiary | — | — |
| Trans Union International, Inc. | Holds the international bureaux | subsidiary | — | — |
| Neustar, Inc. | Identity resolution and marketing data | subsidiary | — | — |
| iovation Inc. | Device intelligence and fraud | subsidiary | — | — |
| Sontiq, Inc. | Identity protection | subsidiary | — | — |
| Argus Information and Advisory Services, Inc. | Payments-data analytics | subsidiary | — | — |
| FactorTrust, Inc. | Alternative credit data | subsidiary | — | — |
| TruSignal, Inc. | Audience scoring | subsidiary | — | — |
| Monevo Inc | Credit-offer marketplace | subsidiary | — | — |
| Callcredit Marketing Limited | United Kingdom, from the Callcredit acquisition | subsidiary | Trans Union International, Inc. · index grouping | — |
| Trans Union of Canada, Inc. | Canadian bureau | subsidiary | Trans Union International, Inc. · index grouping | — |
| Trans Union Content Solutions LLC | Content and data services | subsidiary | — | — |
The operating company is written "Trans Union LLC" in the exhibit, as two words, while the brand is written as one. The map keeps the exhibit spelling for the legal entity. [source]
Tesla
scored: Tesla — B 4.61 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Tesla Energy Operations, Inc. | Energy storage and generation business | subsidiary | — | — |
| SolarCity Finance Company, LLC | Financing vehicle of the acquired solar business | subsidiary | Tesla Energy Operations, Inc. · index grouping | — |
| SolarCity International, Inc. | International arm of the acquired solar business | subsidiary | Tesla Energy Operations, Inc. · index grouping | — |
| Tesla Insurance Services, Inc. | Insurance brokerage | subsidiary | — | — |
| Tesla Finance LLC | Vehicle financing | subsidiary | — | — |
| Tesla Lease Trust | Leasing vehicle | subsidiary | — | — |
| Maxwell Technologies, Inc. | Ultracapacitor and dry-electrode technology | subsidiary | — | — |
| Tesla (Shanghai) Co., Ltd | Chinese manufacturing and sales | subsidiary | — | — |
| Tesla Automobile Sales and Service (Shanghai) Co., Ltd. | Chinese sales and service | subsidiary | Tesla (Shanghai) Co., Ltd · index grouping | — |
| Tesla Manufacturing Brandenburg SE | German manufacturing | subsidiary | — | — |
| Tesla Germany GmbH | German sales and service | subsidiary | — | — |
| Tesla Motors Netherlands B.V. | European holding and distribution | subsidiary | — | — |
| Hibar Systems Europe GmbH | Battery manufacturing equipment | subsidiary | — | — |
The gigafactories are not on this map because they are not legal entities: the exhibit names none of them, and the plants appear in the annual report as properties rather than as companies. [source] [source 2]
Most of the exhibit is solar project companies carrying the SolarCity name, each a financing vehicle for a set of installations rather than an operating business; only the ones that are not single-project vehicles are shown. [source]
Palo Alto Networks
scored: Palo Alto Networks — B 6.29 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Palo Alto Networks International, Inc. | International holding company | subsidiary | — | — |
| Palo Alto Networks Public Sector, LLC | US government business | subsidiary | — | — |
| Palo Alto Networks Financial Services, LLC | Customer financing | subsidiary | — | — |
| PAN Demisto LLC | Security orchestration, from the Demisto acquisition | subsidiary | — | — |
| RedLock, LLC | Cloud security posture | subsidiary | — | — |
| Evident.io LLC | Cloud compliance | subsidiary | — | — |
| CloudGenix, LLC | SD-WAN | subsidiary | — | — |
| Expanse LLC | Attack-surface management | subsidiary | — | — |
| BridgeCrew LLC | Infrastructure-as-code security | subsidiary | — | — |
| Cider Security Inc. | Software supply-chain security | subsidiary | — | — |
| Dig Security Inc. | Data security posture | subsidiary | — | — |
| Talon Cyber Security, Inc. | Enterprise browser | subsidiary | — | — |
| Protect AI, Inc. | AI model security | subsidiary | — | — |
| Aporeto, LLC | Microsegmentation | subsidiary | — | — |
| LightCyber, Inc. | Behavioural attack detection | subsidiary | — | — |
| Crypsis Group Holdings, LLC | Incident response consulting | subsidiary | — | — |
| Sinefa Pty. Ltd. | Digital experience monitoring | subsidiary | — | — |
Most of what this platform sells arrived as a company rather than as a feature: the exhibit reads as a list of acquisitions kept alive as separate legal entities long after the products were merged into one console. [source]
CrowdStrike
scored: CrowdStrike — B 5.13 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| CrowdStrike, Inc. | The operating company | subsidiary | — | — |
| CrowdStrike UK Limited | United Kingdom | subsidiary | — | — |
| CrowdStrike Israel R&D Ltd. | Israeli research and development | subsidiary | — | — |
| CrowdStrike India Private Limited | India | subsidiary | — | — |
| CrowdStrike GmbH | Germany | subsidiary | — | — |
| CrowdStrike Australia Pty Limited | Australia | subsidiary | — | — |
| CrowdStrike Canada ULC | Canada | subsidiary | — | — |
| CrowdStrike Singapore Pte. Ltd. | Singapore | subsidiary | — | — |
| A.S. Adaptive Shield Ltd. | SaaS security posture management | subsidiary | — | — |
| Onum Technology Inc. | Telemetry pipeline | subsidiary | — | — |
The perimeter is unusually small for a platform of this reach: twelve entities in all, most of them a single country office, with the operating business held in one company. [source]
Fortinet
scored: Fortinet — B 3.64 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Fortinet International, Inc. | International holding company | subsidiary | — | — |
| Fortinet Federal, Inc. | US government business | subsidiary | — | — |
| Fortinet Holding LLC | Holding company | subsidiary | — | — |
| Fortinet Consumer, Inc. | Consumer business | subsidiary | — | — |
| Linksys USA LLC | Consumer networking hardware | subsidiary | Fortinet Consumer, Inc. · index grouping | — |
| Linksys UK Limited | United Kingdom | subsidiary | Linksys USA LLC · index grouping | — |
| Linksys HK Limited | Hong Kong | subsidiary | Linksys USA LLC · index grouping | — |
| Alaxala Networks Corporation | Japanese network equipment | subsidiary | — | — |
| Lacework Branch Holding Company | Cloud security, from the Lacework acquisition | subsidiary | — | — |
| Lacework EMEA Ltd | Europe, Middle East and Africa | subsidiary | Lacework Branch Holding Company · index grouping | — |
| Next DLP Holdings Limited | Data-loss prevention | subsidiary | — | — |
| Next DLP Limited | Operating company | subsidiary | Next DLP Holdings Limited · index grouping | — |
| Fortinet Technologies (Canada) ULC | Canada | subsidiary | — | — |
| Fortinet Information Technology (Beijing) Co., Ltd. | China | subsidiary | — | — |
Linksys sits inside this perimeter, so a consumer router brand and an enterprise firewall platform share a corporate parent; the exhibit places the Linksys entities under a consumer holding company of their own. [source]
Zscaler
scored: Zscaler — B 4.86 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| ZSC Holdings Limited | Holding company | subsidiary | — | — |
| Zscaler US Government Solutions, LLC | US government business | subsidiary | — | — |
| Zscaler Softech India Private Limited | Indian engineering | subsidiary | — | — |
| Zscaler Israel LTD | Israeli engineering | subsidiary | — | — |
| Red Canary Inc. | Managed detection and response | subsidiary | — | — |
| Avalor Technologies LTD | Security data fabric | subsidiary | — | — |
| Airgap Networks Inc. | Network segmentation | subsidiary | — | — |
| Smokescreen Technologies Private Limited | Deception technology | subsidiary | — | — |
| SPLXAI Inc. | AI security testing | subsidiary | — | — |
| SquareX Holdings, Inc. | Browser security | subsidiary | — | — |
| Zscaler UK LTD | United Kingdom | subsidiary | — | — |
| Zscaler Germany GmbH | Germany | subsidiary | — | — |
| Zscaler K.K. | Japan | subsidiary | — | — |
Several entities in the exhibit carry names unrelated to Zscaler and sit adjacent to the original proxy business rather than inside it: managed detection and response, a security data fabric, network segmentation, AI security testing and the browser. A subsidiary exhibit records what is owned, not when it was bought, so no acquisition dates are claimed here. [source]
Okta
scored: Okta — B 4.86 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Okta International, LLC | International holding company | subsidiary | — | — |
| Okta Federal, Inc. | US government business | subsidiary | — | — |
| Auth0, LLC | Developer identity platform | subsidiary | — | — |
| Auth0 Ltd. | United Kingdom | subsidiary | Auth0, LLC · index grouping | — |
| Auth0 Argentina S.A. | Argentina | subsidiary | Auth0, LLC · index grouping | — |
| Auth0 Uruguay S.A. | Uruguay | subsidiary | Auth0, LLC · index grouping | — |
| Spera Cybersecurity, Inc. | Identity security posture | subsidiary | — | — |
| Spera Cybersecurity Ltd. | Israel | subsidiary | Spera Cybersecurity, Inc. · index grouping | — |
| Axiom Security Ltd. | Privileged access | subsidiary | — | — |
| Okta Identity Ireland Limited | Ireland | subsidiary | — | — |
| Okta Identity India Private Limited | India | subsidiary | — | — |
| Okta Japan K.K. | Japan | subsidiary | — | — |
| Okta UK LTD | United Kingdom | subsidiary | — | — |
| SaaSure Mexico, S. de R.L. de C.V. | Mexico, under the company’s original name | subsidiary | — | — |
| SaaSure Sweden AB | Sweden, under the company’s original name | subsidiary | — | — |
Two country entities still carry SaaSure, the name the company was incorporated under before it was Okta. [source]
Palantir
scored: Palantir — B 9.90 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Palantir USG, Inc. | United States government business | subsidiary | — | — |
| Palantir GSC Inc. | Government services | subsidiary | — | — |
| Palantir International Inc. | International holding company | subsidiary | — | — |
| Palantir Technologies Holdings LLC | Holding company | subsidiary | — | — |
| Palantir Technologies UK, Ltd. | United Kingdom | subsidiary | — | — |
| Palantir Technologies GmbH | Germany | subsidiary | — | — |
| Palantir Technologies Geneva Sàrl | Switzerland | subsidiary | — | — |
| Palantir Engineering Israel Ltd. | Israeli engineering | subsidiary | — | — |
| Palantir Shakti Technologies Private Limited | India | subsidiary | — | — |
| Palantir Technologies Japan, G.K. | Japan | subsidiary | — | — |
| Palantir Technologies Australia Pty Ltd. | Australia | subsidiary | — | — |
| Palantir Technologies Canada Inc. | Canada | subsidiary | — | — |
Every entity in this exhibit carries the company’s own name and a country. There are no acquired companies in it at all, which makes this perimeter unlike every other software platform on this map. [source]
Intuit
scored: Intuit — B 6.43 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Intuit Consumer Group LLC | Consumer business | subsidiary | — | — |
| Credit Karma, LLC | Consumer credit platform | subsidiary | — | — |
| Credit Karma Mortgage, Inc. | Mortgage marketplace | subsidiary | Credit Karma, LLC · index grouping | — |
| Credit Karma Offers, Inc. | Offer marketplace | subsidiary | Credit Karma, LLC · index grouping | — |
| Credit Karma Technologies, Ltd. | Canada | subsidiary | Credit Karma, LLC · index grouping | — |
| Credit Karma UK Limited | United Kingdom | subsidiary | Credit Karma, LLC · index grouping | — |
| The Rocket Science Group LLC | Marketing software business | subsidiary | — | — |
| The Rocket Science Group Holdings, Inc. | Holding company | subsidiary | The Rocket Science Group LLC · index grouping | — |
| TSheets.com LLC | Time tracking | subsidiary | — | — |
| TradeGecko Pte Ltd. | Inventory management | subsidiary | — | — |
| Lacerte Software LLC | Professional tax software | subsidiary | — | — |
| Mint Software Inc. | Personal finance | subsidiary | — | — |
| Applatix Inc. | Container orchestration | subsidiary | — | — |
| Origami Logic Inc. | Marketing analytics | subsidiary | — | — |
| Exactor, Inc. | Sales-tax automation | subsidiary | — | — |
| GoCo.IO, Inc. | Human-resources software | subsidiary | — | — |
| Intuit Financing Inc. | Small-business lending | subsidiary | — | — |
| Intuit India Product Development Centre Private Limited | Indian engineering | subsidiary | — | — |
The exhibit lists legal entities, and the brands a customer knows are not among them: the annual report records TurboTax, Credit Karma, QuickBooks and Mailchimp as trademarks of the company or one of its subsidiaries, without saying which entity holds which brand. So no brand is mapped onto an entity here. [source] [source 2]
ServiceNow
scored: ServiceNow — B 5.66 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| ServiceNow Delaware LLC | Domestic operating entity | subsidiary | — | — |
| ServiceNow International B.V. | International operations | subsidiary | — | — |
| ServiceNow Ventures Holdings, Inc. | Corporate venture arm | subsidiary | — | — |
| Moveworks, LLC | AI assistant for enterprise support | subsidiary | — | — |
| UK Moveworks Limited | United Kingdom | subsidiary | Moveworks, LLC · index grouping | — |
| data.world, Inc. | Data catalogue and governance | subsidiary | — | — |
| LightStep, Inc. | Observability | subsidiary | — | — |
| Logik.io Inc. | Configure-price-quote | subsidiary | — | — |
| Mission Secure, Inc. | Operational-technology security | subsidiary | — | — |
| Sweagle NV | Configuration data management | subsidiary | — | — |
| Swarm64 AS | Database acceleration | subsidiary | — | — |
| G2K Group GmbH | Retail computer vision | subsidiary | — | — |
| Raytion GmbH | Enterprise search connectors | subsidiary | — | — |
| 4Industry B.V. | Manufacturing operations software | subsidiary | — | — |
| Contexeo SAS | France | subsidiary | — | — |
| Service-now.com GmbH | Germany, under the original domain name | subsidiary | — | — |
One German entity is still called Service-now.com GmbH, after the domain the company was founded on. [source]
Workday
scored: Workday — B 4.73 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Workday International LLC | International holding company | subsidiary | — | — |
| Workday Limited | Ireland, principal non-US operating entity | subsidiary | — | — |
| Workday Ireland Holding Unlimited Company | Irish holding company | subsidiary | — | — |
| Adaptive Insights LLC | Financial planning | subsidiary | — | — |
| Adaptive Insights Limited | United Kingdom | subsidiary | Adaptive Insights LLC · index grouping | — |
| Peakon ApS | Employee engagement | subsidiary | — | — |
| VNDLY LLC | Contingent-workforce management | subsidiary | — | — |
| HiredScore LLC | AI recruiting | subsidiary | — | — |
| Evisort LLC | Contract intelligence | subsidiary | — | — |
| Paradox, LLC | Conversational hiring assistant | subsidiary | — | — |
| Paradox.AI Israel Ltd. | Israel | subsidiary | Paradox, LLC · index grouping | — |
| Sana Labs AB | AI learning and search | subsidiary | — | — |
| FlowiseAI, LLC | Agent building tools | subsidiary | — | — |
| Pipedream, LLC | Workflow integration | subsidiary | — | — |
| Zimit LLC | Services quoting | subsidiary | — | — |
| ‘Alohi Insurance, Inc. | Captive insurer, Hawaii | subsidiary | — | — |
Nine of the entities above carry names that are not Workday’s, and they cover planning, engagement, recruiting, contracts, learning, agents and integration — the ring of functions around a human-resources system rather than the system itself. [source]
Datadog
scored: Datadog — B 3.86 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Datadog Ireland Limited | Principal non-US operating entity | subsidiary | — | — |
| Datadog Ireland Limited UK Branch | United Kingdom, a branch rather than a company | subsidiary | Datadog Ireland Limited · index grouping | — |
| Datadog France SAS | France | subsidiary | — | — |
| Datadog Netherlands BV | Netherlands | subsidiary | — | — |
| Datadog Cloud Spain SL | Spain | subsidiary | — | — |
The whole exhibit is five entities, four of them a single European country and one a branch. For a platform of this size that is a very thin corporate perimeter, and it is the shortest subsidiary list on this map. [source]
Snowflake
scored: Snowflake — B 3.67 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Snowflake Holdings LLC | Holding company | subsidiary | — | — |
| Snowflake International Holdings Inc. | International holding company | subsidiary | — | — |
| Snowflake Investment Holdings LLC | Investment holding company | subsidiary | — | — |
| Night Shift Development, Inc. | Trades as Snowflake Public Sector: US government business | subsidiary | — | — |
| Crunchy Data Solutions, Inc. | PostgreSQL platform | subsidiary | — | — |
| Observe, LLC | Observability | subsidiary | — | — |
| Observe Switzerland Sarl | Switzerland | subsidiary | Observe, LLC · index grouping | — |
| TensorStax, LLC | Data-engineering agents | subsidiary | — | — |
| Tahoe Systems, LLC | US entity | subsidiary | — | — |
| Mountain US Corporation | US corporate entity | subsidiary | — | — |
| Cloudlet Information Technology (Beijing) Co. Ltd. | China | subsidiary | — | — |
| Snowflake Computing UK Ltd. | United Kingdom | subsidiary | — | — |
| Snowflake Computing Ireland Limited | Ireland | subsidiary | — | — |
| SNFL Cloudtech India Private Limited | India | subsidiary | — | — |
| Snowflake Cloudtech Israel Ltd. | Israel | subsidiary | — | — |
The exhibit names the government business as one company trading under another name: Night Shift Development, Inc., doing business as Snowflake Public Sector, Inc. [source]
Atlassian
scored: Atlassian — B 3.33 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Atlassian Pty. Ltd. | Australian operating company | subsidiary | — | — |
| Atlassian US, Inc. | United States operating company | subsidiary | — | — |
| Atlassian Holdings, Inc. | US holding company | subsidiary | — | — |
| Atlassian Network Services, Inc. | Network operations | subsidiary | — | — |
| Atlassian B.V. | Netherlands | subsidiary | — | — |
| Atlassian Ventures LLC | Corporate venture arm | subsidiary | — | — |
| Trello, Inc. | Kanban boards | subsidiary | — | — |
| Loom, Inc. | Asynchronous video messaging | subsidiary | — | — |
| OpsGenie, Inc. | Incident alerting | subsidiary | — | — |
| Opsgenie Yazılım Anonim Şirketi | Turkey, where the product was built | subsidiary | OpsGenie, Inc. · index grouping | — |
| The Browser Company of New York Inc. | Web browser | subsidiary | — | — |
| AgileCraft LLC | Enterprise agile planning | subsidiary | — | — |
| Dogwood Labs, Inc. | Deployment tracking | subsidiary | — | — |
| Secoda Inc. | Data catalogue | subsidiary | — | — |
| AirTrack Software Pty. Ltd. | Asset tracking | subsidiary | — | — |
| Borneo Data Pte. Ltd. | Data security posture | subsidiary | — | — |
| Cycle App, Inc. | Product feedback | subsidiary | — | — |
| A Software Company | US entity, named exactly that in the exhibit | subsidiary | — | — |
The company states in the exhibit that it is a holding company conducting substantially all of its business through certain of its subsidiaries, and that all of them are wholly owned. [source]
A web browser sits inside a developer-tools perimeter: The Browser Company of New York Inc. is listed among the wholly owned subsidiaries. [source]
HubSpot
scored: HubSpot — B 2.53 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| APIHub, Inc. | Data enrichment, trading as Clearbit | subsidiary | — | — |
| HubSpot Ireland Limited | Principal non-US operating entity | subsidiary | — | — |
| HubSpot UK Holdings Limited | United Kingdom holding company | subsidiary | — | — |
| HubSpot Asia Pte. Ltd. | Singapore | subsidiary | — | — |
| HubSpot Germany GmbH | Germany | subsidiary | — | — |
| HubSpot France S.A.S. | France | subsidiary | — | — |
| HubSpot Japan K.K. | Japan | subsidiary | — | — |
| HubSpot India Private Limited | India | subsidiary | — | — |
| HubSpot Canada Inc. | Canada | subsidiary | — | — |
| HubSpot Australia Pty Ltd | Australia | subsidiary | — | — |
| HubSpot Latin America S.A.S. | Colombia | subsidiary | — | — |
One acquired company appears, under its legal name with its trading name attached in the exhibit itself: APIHub, Inc. doing business as Clearbit. Everything else is a country office. [source]
Illumina
scored: Illumina — B 5.78 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Illumina Cambridge, Ltd. | United Kingdom research and manufacturing | subsidiary | — | — |
| Verinata Health, Inc. | Prenatal testing | subsidiary | — | — |
| Advanced Liquid Logic Inc. | Digital microfluidics | subsidiary | — | — |
| BlueBee Holding BV | Genomic data analysis | subsidiary | — | — |
| Emedgene Technologies Ltd | Variant interpretation | subsidiary | — | — |
| Fluent Biosciences Inc. | Single-cell analysis | subsidiary | — | — |
| Illumina Singapore Genomics Pte. Ltd. | Singapore manufacturing | subsidiary | — | — |
| Illumina Netherlands B.V. | Netherlands | subsidiary | — | — |
| Illumina Canada ULC | Canada | subsidiary | — | — |
| Illumina Australia Pty. Ltd. | Australia | subsidiary | — | — |
| Illumina AB | Sweden | subsidiary | — | — |
The exhibit gives a doing-business-as name for every entity, and for most of them it is the legal name repeated. No GRAIL entity appears in it. [source]
IQVIA
scored: IQVIA — B 5.18 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| IQVIA Inc. | Principal US operating company | subsidiary | — | — |
| IQVIA Ltd. | United Kingdom | subsidiary | — | — |
| IQVIA RDS Inc. | Clinical research and development solutions | subsidiary | — | — |
| IQVIA Biotech LLC | Services for biotechnology sponsors | subsidiary | — | — |
| IMS Health Group Limited | From IMS Health, one of the two companies that merged to form the group | subsidiary | — | — |
| IMS Health Networks Limited | Data networks from the same side of the merger | subsidiary | — | — |
| Quintiles West Africa Limited | From Quintiles, the other side of the merger | subsidiary | — | — |
| Linguamatics Limited | Natural-language text mining | subsidiary | — | — |
| DrugDev Limited | Clinical-trial site network | subsidiary | — | — |
| Cenduit Limited | Randomisation and trial supply | subsidiary | — | — |
The subsidiary listing runs to hundreds of entities across every region; the rows above are a selection by recognisability, not a summary of the group. [source]
Both predecessor names are still visible as legal entities: entities called IMS Health and entities called Quintiles sit side by side in the same listing under the present company. The exhibit records what is owned and gives no dates, so none is claimed here. [source]
Thermo Fisher
scored: Thermo Fisher — B 4.38 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Fisher Scientific Company L.L.C. | Laboratory products distribution | subsidiary | — | — |
| Life Technologies Corporation | Life-sciences reagents and instruments | subsidiary | — | — |
| Invitrogen LLC | Molecular biology reagents | subsidiary | Life Technologies Corporation · index grouping | — |
| Applied Biosystems, LLC | Genetic analysis instruments | subsidiary | Life Technologies Corporation · index grouping | — |
| Affymetrix, Inc | Microarrays | subsidiary | — | — |
| Patheon Holdings LLC | Contract pharmaceutical manufacturing | subsidiary | — | — |
| Patheon Biologics LLC | Biologics manufacturing | subsidiary | Patheon Holdings LLC · index grouping | — |
| PPD Holdings, LLC | Clinical research organisation | subsidiary | — | — |
| PPD Services, Inc. | Clinical research services | subsidiary | PPD Holdings, LLC · index grouping | — |
| Brammer Bio Holding Company, LLC | Viral vector manufacturing | subsidiary | — | — |
| The Binding Site Group Limited | Specialty diagnostics | subsidiary | — | — |
| Olink Holding AB | Proteomics | subsidiary | — | — |
| Olink Proteomics AB | Operating company | subsidiary | Olink Holding AB · index grouping | — |
| CorEvitas, LLC | Real-world evidence registries | subsidiary | — | — |
| Dionex Corporation | Chromatography | subsidiary | — | — |
| Peprotech Holding LLC | Recombinant proteins | subsidiary | — | — |
This is the longest subsidiary exhibit on the map by a wide margin, and the rows above are a selection by recognisability. Many of the names are companies that were once independent instrument or reagent makers and are now legal entities inside one perimeter. [source]
Veeva Systems
scored: Veeva Systems — B 3.88 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|
The subsidiary exhibit of this company contains no subsidiaries. It states that as of 31 January 2026 Veeva Systems Inc. has no significant subsidiaries as defined in Rule 1-02(w) of Regulation S-X. That is the entire corporate perimeter, and it is the only map here with nothing on it. [source]
Visa
scored: Visa — B 8.82 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Visa International Service Association | The international scheme entity | subsidiary | — | — |
| Visa U.S.A. Inc. | The United States scheme entity | subsidiary | — | — |
| Visa Europe Limited | Europe | subsidiary | — | — |
| Visa Worldwide Pte. Limited | Asia-Pacific | subsidiary | — | — |
Four entities in the whole exhibit, and they are the network split by region rather than a set of acquired businesses. The perimeter of a payment scheme looks nothing like that of a software platform of comparable reach. [source]
Mastercard
scored: Mastercard — B 8.14 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Mastercard International Incorporated | The principal scheme entity | subsidiary | — | — |
| Mastercard Europe SA | Europe, Belgium | subsidiary | — | — |
| Mastercard Europe Services Limited | European services | subsidiary | — | — |
| Mastercard Asia/Pacific Pte. Ltd. | Asia-Pacific | subsidiary | — | — |
| Mastercard Middle East Africa FZ-LLC | Middle East and Africa | subsidiary | — | — |
| Mastercard Payment Gateway Services Limited | Gateway services | subsidiary | — | — |
| Mastercard Payment Gateway Services Group Limited | Gateway holding company | subsidiary | Mastercard Payment Gateway Services Limited · index grouping | — |
| Mastercard Technologies, LLC | Technology operations | subsidiary | — | — |
| Mastercard/Europay U.K. Limited | United Kingdom, under a name from the Europay side | subsidiary | — | — |
| Mastercard US Holdings LLC | US holding company | subsidiary | — | — |
| Global Mastercard Holdings LP | Partnership holding structure, United Kingdom | subsidiary | — | — |
Like the other scheme on this map, the perimeter is the network cut by region and function rather than a collection of acquired companies. [source]
Robinhood
scored: Robinhood — B 1.16 · TRANSITION
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Robinhood Financial LLC | The introducing broker-dealer | subsidiary | — | — |
| Robinhood Securities, LLC | The clearing broker: where customer positions are actually held | subsidiary | — | — |
| Robinhood Crypto, LLC | Crypto trading | subsidiary | — | — |
| Robinhood Derivatives, LLC | Futures and derivatives | subsidiary | — | — |
| Robinhood Money, LLC | Spending and cash accounts | subsidiary | — | — |
| Robinhood Credit, Inc. | Credit card | subsidiary | — | — |
| Robinhood Gold, LLC | The subscription tier, as its own entity | subsidiary | — | — |
| Robinhood Asset Management, LLC | Managed portfolios | subsidiary | — | — |
| Bitstamp USA, Inc. | Crypto exchange | subsidiary | — | — |
| Trade-PMR, Inc. | Custody and technology for registered investment advisers | subsidiary | — | — |
| Sherwood Reinsurance Company, Inc. | Captive reinsurer, Hawaii | subsidiary | — | — |
| Robinhood Ventures Fund I | Venture fund | subsidiary | — | — |
The exhibit states that every entity listed is a wholly owned direct or indirect subsidiary, and the product tiers a customer sees — the subscription, the card, the cash account — are each a separate legal company rather than a feature of one. [source]
MercadoLibre
scored: MercadoLibre — B 5.87 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| MercadoLibre S.R.L. | Argentina, the original marketplace company | subsidiary | — | — |
| MercadoLivre.com Atividades de Internet Ltda. | Brazil, the largest market | subsidiary | — | — |
| MercadoLibre Chile Ltda. | Chile | subsidiary | — | — |
| Mercado Pago Instituição de Pagamento Ltda. | Licensed payment institution, Brazil | subsidiary | — | — |
| MercadoPago Servicios de Procesamiento S.R.L. | Payment processing, Argentina | subsidiary | — | — |
| Mercado Pago Asset Management S.A. | Asset management, Argentina | subsidiary | — | — |
| Mercado Crédito Sociedade de Crédito, Financiamento e Investimento S.A. | Licensed lender, Brazil | subsidiary | — | — |
| Mercado Envios Transporte Ltda. | Logistics, Brazil | subsidiary | — | — |
| Meli Log S.R.L. | Logistics, Argentina | subsidiary | — | — |
| Kangu Participações S.A. | Logistics network | subsidiary | — | — |
| DeRemate.com de Argentina S.A. | Entity from the acquired competitor of the same era | subsidiary | — | — |
The exhibit states that all subsidiaries are wholly owned, directly or indirectly. The marketplace, the payment institution, the lender and the logistics network are separate licensed companies in each country rather than divisions of one. [source]
Coupang
scored: Coupang — B 3.72 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Coupang Corp. | The Korean operating company | subsidiary | — | — |
| Coupang Global LLC | US holding company | subsidiary | — | — |
| Coupang Fulfillment Services, Ltd. | Warehousing and fulfilment | subsidiary | — | — |
| Coupang Logistics Services Ltd. | Last-mile delivery | subsidiary | — | — |
| Coupang Pay, Ltd. | Payments | subsidiary | — | — |
| Coupang Eats Services Ltd. | Food delivery | subsidiary | — | — |
| CPLB Corp. | Private-label goods | subsidiary | — | — |
| Surpique Acquisition Limited | England and Wales | subsidiary | — | — |
Delivery is not outsourced and is not a division: fulfilment and last-mile are each a separate licensed company, which is what lets this retailer control the whole path to the door. [source]
DoorDash
scored: DoorDash — B 2.24 · EVENT HORIZON
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Wolt Oy | European delivery platform | subsidiary | — | — |
| Wolt Services Oy | Operating services company, Finland | subsidiary | Wolt Oy · index grouping | — |
| Wolt Financial Solutions Oy | Payments | subsidiary | Wolt Oy · index grouping | — |
| Deliveroo Limited | United Kingdom delivery platform | subsidiary | — | — |
| RooFoods LTD | The original operating company | subsidiary | Deliveroo Limited · index grouping | — |
| Deliveroo International LTD | International operations | subsidiary | Deliveroo Limited · index grouping | — |
| Deliveroo DMCC | United Arab Emirates | subsidiary | Deliveroo Limited · index grouping | — |
| SevenRooms, LLC | Restaurant guest management | subsidiary | — | — |
| SevenRooms Holdings Ltd | United Kingdom holding company | subsidiary | SevenRooms, LLC · index grouping | — |
| Symbiosys LLC | Advertising technology | subsidiary | — | — |
| DoorDash Essentials, LLC | Convenience and grocery | subsidiary | — | — |
| DoorDash G&C, LLC | US entity | subsidiary | — | — |
Two European delivery platforms that were once competitors of this company, and of each other, are now legal entities inside the same perimeter, each keeping its own name and its own operating companies. [source]
Airbnb
scored: Airbnb — B 2.10 · EVENT HORIZON
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Airbnb Ireland UC | The contracting entity for most of the world outside the United States | subsidiary | — | — |
| Airbnb Payments, Inc. | Payments, United States | subsidiary | — | — |
| Airbnb Payments UK Ltd. | Payments, United Kingdom | subsidiary | — | — |
| Airbnb Payments Luxembourg S.A. | Payments, Luxembourg | subsidiary | — | — |
| Airbnb Stays, Inc. | Stays business | subsidiary | — | — |
| Airbnb Treasury Services LLC | Treasury | subsidiary | — | — |
| Airbnb Plataforma Digital Ltda. | Brazil | subsidiary | — | — |
Four of the seven significant subsidiaries are payment companies in different jurisdictions. Holding the money between guest and host is the part of this business that needs its own licensed entities. [source]
eBay
scored: eBay — B 1.71 · EVENT HORIZON
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| eBay Commerce Inc. | United States operating company | subsidiary | — | — |
| eBay International Holding GmbH | International holding company, Switzerland | subsidiary | — | — |
| eBay Marketplaces GmbH | Marketplace operations, Switzerland | subsidiary | — | — |
| eBay GmbH | Germany | subsidiary | — | — |
| eBay (UK) Limited | United Kingdom | subsidiary | — | — |
| eBay Sarl | Luxembourg | subsidiary | — | — |
Six entities in the exhibit, all carrying the marketplace name. Nothing acquired appears under its own name, in contrast to every other marketplace of this size on the map. [source]
Roblox
scored: Roblox — B 4.79 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Roblox Advertising Services, LLC | Advertising | subsidiary | — | — |
| Roblox Prepaid Company, LLC | Prepaid credit and gift cards | subsidiary | — | — |
| Roblox Community Fund, PB LLC | Public-benefit company for community funding | subsidiary | — | — |
| Guilded, LLC | Community chat and voice | subsidiary | — | — |
| Byfron Technologies LLC | Anti-cheat technology | subsidiary | — | — |
| Speechly, Inc. | Speech recognition | subsidiary | — | — |
| BloxWorks, LLC | US entity | subsidiary | — | — |
| Roblox China Holding Corporation | China holding company, Cayman Islands | subsidiary | — | — |
| Roblox (Shenzhen) Digital Science and Technology, Co., Ltd | China | subsidiary | Roblox China Holding Corporation · index grouping | — |
| Roblox Korea Limited | Korea | subsidiary | — | — |
| Roblox UK Limited | United Kingdom | subsidiary | — | — |
| Roblox India Services Private Limited | India | subsidiary | — | — |
The platform’s own currency and its safety layer are separate companies: a prepaid company for credit, and an anti-cheat company acquired under its own name. [source]
Snapchat
scored: Snapchat — B 0.91 · TRANSITION
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Snap LLC | US operating entity | subsidiary | — | — |
| Snap Group Limited | United Kingdom, the international hub | subsidiary | — | — |
| Snap Intermediate Inc. | Intermediate holding company | subsidiary | — | — |
| Wave Optics Limited | Waveguide displays for smart glasses | subsidiary | — | — |
| Snap Camera GmbH | Germany, camera engineering | subsidiary | — | — |
| Snap Group SAS | France | subsidiary | — | — |
| Snap Aus Pty Ltd | Australia | subsidiary | — | — |
| Snap ULC | Canada | subsidiary | — | — |
| Oleander LLC | US entity | subsidiary | — | — |
One entity in the exhibit makes optical hardware rather than software: a waveguide display company, which is the part of the spectacles product that cannot be bought off a shelf. [source]
scored: Pinterest — B 1.00 · TRANSITION
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Pinterest Europe Limited | Ireland: the only significant subsidiary in the exhibit | subsidiary | — | — |
The exhibit lists exactly one company. Everything else is omitted as insignificant in the aggregate, so the entire disclosed corporate perimeter of this platform is a single Irish entity. [source]
scored: Reddit — B 2.15 · EVENT HORIZON
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Reddit Sub Holding Company, Inc. | Holding company | subsidiary | — | — |
| Reddit Ireland Limited | Ireland | subsidiary | — | — |
| Reddit UK Limited | United Kingdom | subsidiary | — | — |
| Dubsmash Inc. | Short-form video | subsidiary | — | — |
| Spiketrap Inc. | Contextual advertising signals | subsidiary | — | — |
| Spell, LLC | Machine-learning infrastructure | subsidiary | — | — |
| Memorable AI LLC | Advertising creative prediction | subsidiary | — | — |
| Reddit Technologies India Private Limited | India engineering | subsidiary | — | — |
| Reddit Community Network India Private Limited | India community operations | subsidiary | — | — |
| Reddit Germany GmbH | Germany | subsidiary | — | — |
| Reddit Netherlands B.V. | Netherlands | subsidiary | — | — |
The exhibit says it includes entities that are not significant subsidiaries, so this list is fuller than the comparable ones on this map. Four acquired companies appear under their own names, three of them advertising or machine-learning tooling. [source]
Twilio
scored: Twilio — B 2.18 · EVENT HORIZON
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Twilio Ireland Limited | Principal non-US operating entity | subsidiary | — | — |
| Twilio UK Limited | England and Wales | subsidiary | — | — |
| Teravoz Telecom Telecomunicacoes Ltda. | Brazilian telecommunications, under an acquired name | subsidiary | — | — |
| Twilio Technology India Private Limited | India engineering | subsidiary | — | — |
| Twilio Estonia OÜ | Estonia | subsidiary | — | — |
| Twilio Germany GmbH | Germany | subsidiary | — | — |
| Twilio Japan GK | Japan | subsidiary | — | — |
| Twilio Singapore Pte. Ltd. | Singapore | subsidiary | — | — |
| Twilio Canada Corp. | Canada | subsidiary | — | — |
One entity in the list is a licensed telecommunications company rather than a software one, which is what a communications platform needs to originate and terminate calls in a country. [source]
Unity Technologies
scored: Unity Technologies — B 2.89 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Unity Technologies SF | The principal US operating company | subsidiary | — | — |
| Unity Technologies ApS | Denmark, where the engine was first built | subsidiary | — | — |
| Unity International Holdings LLC | International holding company | subsidiary | — | — |
| Unity Software Limited | United Kingdom | subsidiary | — | — |
| ironSource Ltd. | Mobile monetisation and user acquisition | subsidiary | — | — |
| ironSource Mobile Ltd. | Israel | subsidiary | ironSource Ltd. · index grouping | — |
| ironSource USA, Inc. | United States | subsidiary | ironSource Ltd. · index grouping | — |
| Tapjoy Inc. | In-app advertising and rewards | subsidiary | — | — |
Half of the exhibit is advertising rather than engine technology: the company that sells the tool developers build with also owns the network they monetise through. [source]
Netflix
scored: Netflix — B 1.00 · TRANSITION
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Netflix International B.V. | The Netherlands, international operations | subsidiary | — | 100% |
| Netflix Studios, LLC | Production | subsidiary | — | 100% |
| Netflix Worldwide Entertainment, LLC | Content licensing worldwide | subsidiary | — | 100% |
| Netflix Pte. Ltd. | Singapore | subsidiary | — | 100% |
| Netflix Services UK Limited | United Kingdom | subsidiary | — | 100% |
| Netflix Services France S.A.S. | France | subsidiary | — | 100% |
| Netflix Services Germany GmbH | Germany | subsidiary | — | 100% |
| Netflix México S. de R.L. de C.V. | Mexico | subsidiary | — | 100% |
This exhibit is one of the few that prints an ownership percentage against every entity, and every one of them reads 100 per cent. [source]
Moderna
scored: Moderna — B 1.86 · EVENT HORIZON
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Moderna Services, Inc. | US services company | subsidiary | — | — |
| Moderna Biotech UK Limited | United Kingdom | subsidiary | — | — |
| Moderna Biotech Manufacturing UK Ltd. | UK manufacturing | subsidiary | Moderna Biotech UK Limited · index grouping | — |
| Moderna Biotech Distributor UK Ltd. | UK distribution | subsidiary | Moderna Biotech UK Limited · index grouping | — |
| Moderna Biotech Spain, S.L.U. | Spain | subsidiary | — | — |
| Moderna Biotech Singapore Pte. Ltd. | Singapore | subsidiary | — | — |
| Moderna Manufacturing Australia Pty Ltd. | Australian manufacturing | subsidiary | — | — |
| Moderna Manufacturing Canada Corp. | Canadian manufacturing | subsidiary | — | — |
| Moderna Enzymatics Co., Ltd. | Japan, enzymes | subsidiary | — | — |
| Moderna Clinical Supply Distributor, LLC | Clinical supply | subsidiary | — | — |
| Moderna Charitable Foundation, Inc. | Foundation | subsidiary | — | — |
Manufacturing appears as a separate company in several countries, which is what a supply agreement with a national government generally requires. [source]
Qualcomm
scored: Qualcomm — B 5.21 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Qualcomm Technologies, Inc. | Holds the operating business and most of the patents licensed by the parent | subsidiary | — | — |
| Qualcomm Technologies International, Ltd. | United Kingdom | subsidiary | — | — |
| QUALCOMM India Private Limited | India engineering | subsidiary | — | — |
| QUALCOMM CDMA Technologies Asia-Pacific Pte. Ltd. | Asia-Pacific | subsidiary | — | — |
| Qualcomm Global Trading Pte. Ltd | Trading, Singapore | subsidiary | — | — |
| NuVia, Inc. | CPU design | subsidiary | — | — |
| Arriver US, Inc. | Automotive perception software | subsidiary | — | — |
| Qualcomm Auto Limited | Automotive, United Kingdom | subsidiary | — | — |
| RF360 Europe GmbH | Radio-frequency front-end | subsidiary | — | — |
| RF360 Technology (Wuxi) Co., Ltd. | Radio-frequency, China | subsidiary | — | — |
The licensing business and the chip business sit in different companies: the exhibit separates the parent from the technologies entity, which is the structure the company’s patent disputes have repeatedly turned on. [source]
Autodesk
scored: Autodesk — B 3.62 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Autodesk Global, Inc. | US entity | subsidiary | — | — |
| Autodesk Global Holdings Limited | Irish holding company | subsidiary | — | — |
| ADSK Ireland Limited | Ireland | subsidiary | — | — |
| Autodesk Development S.á.r.l. | Development, Switzerland | subsidiary | — | — |
| Autodesk (EMEA) Sárl | Europe, Middle East and Africa | subsidiary | — | — |
| Autodesk (China) Software Research and Development Co., Ltd. | China research and development | subsidiary | — | — |
| Autodesk Canada Co. | Canada | subsidiary | — | — |
| Autodesk Far East Limited | Hong Kong | subsidiary | — | — |
| Autodesk Direct Limited | Direct sales, United Kingdom | subsidiary | — | — |
| Autodesk Finance Holdings Limited (Ireland) | Finance holding company | subsidiary | — | — |
The exhibit is almost entirely geography: a country company per market, with the intellectual property and finance holding entities in Ireland and Switzerland. Nothing acquired appears under its own name. [source]
TSMC
scored: TSMC — B 12.28 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| TSMC Global Ltd. | Investment and treasury, British Virgin Islands | subsidiary | — | — |
| TSMC Arizona Corporation | United States manufacturing | subsidiary | — | — |
Two entities. The company that makes most of the world’s advanced logic discloses a corporate perimeter of two significant subsidiaries, everything else being omitted as insignificant in the aggregate. What matters here is concentrated in the parent, in one jurisdiction, and the exhibit says so by what it leaves out. [source]
ASML
scored: ASML — B 9.62 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| ASML Germany GmbH | Germany, Dresden | subsidiary | — | — |
| ASML Berlin GmbH | Optical components, formerly Berliner Glas | subsidiary | — | — |
| Hermes Microvision Co., Ltd. (Beijing) | E-beam inspection | subsidiary | — | — |
| Cymer Japan, Inc. | Light sources, Japan | subsidiary | — | — |
| Cymer Semiconductor Equipment (Shanghai) Co. Ltd. | Light sources, China | subsidiary | — | — |
| Brion Technologies (Shenzhen) Co. Ltd. | Computational lithography | subsidiary | — | — |
| ASML Israel (2001) Ltd. | Israel | subsidiary | — | — |
| ASML Japan Co. Ltd. | Japan | subsidiary | — | — |
| ASML Equipment Malaysia Sdn. Bhd. | Malaysia | subsidiary | — | — |
| ASML France S.a.r.l. | France | subsidiary | — | — |
| ASML Ireland Ltd. | Ireland | subsidiary | — | — |
| ASML Belgium B.V. | Belgium | subsidiary | — | — |
The names that are not ASML’s own are the three technologies the machine cannot be built without and that the company bought rather than developed: the light source, the computational lithography, and the electron-beam inspection. [source]
Nubank
scored: Nubank — B 5.21 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Nu Pagamentos S.A. | Payment institution: the card and prepaid accounts | subsidiary | — | — |
| Nu Financeira S.A. | Licensed lender | subsidiary | — | — |
| Nu Investimentos S.A | Investment platform brokerage | subsidiary | — | — |
| Nu Asset Management Ltda. | Fund manager | subsidiary | — | — |
| Nu Corretora de Seguros Ltda. | Insurance brokerage | subsidiary | — | — |
| NuPay for Business Instituição de Pagamento Ltda. | Payment hub for businesses | subsidiary | — | — |
| NuCommerce Ltda. | Services platform | subsidiary | — | — |
| Nu Brasil Tecnologia Ltda. | Information technology | subsidiary | — | — |
| Nu Brasil Serviços Ltda. | Administrative services | subsidiary | — | — |
| Nu Canais Ltda. | Insurance commission | subsidiary | — | — |
The exhibit gives each entity a principal activity, and read down the column they are the separate licences a bank needs in Brazil: payments, lending, brokerage, fund management, insurance. The single app a customer sees is assembled from them. [source]
PDD Holdings
scored: PDD/Temu — B 1.86 · EVENT HORIZON
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Whaleco Inc. | The United States entity of the international marketplace | subsidiary | — | — |
| Whaleco Technology Limited | Ireland | subsidiary | — | — |
| Elementary Innovation Pte. Ltd. | Singapore | subsidiary | — | — |
| Pinduoduo (Shanghai) Network Technology Co.,Ltd. | Domestic marketplace technology | subsidiary | — | — |
| Hangzhou Weimi Network Technology Co., Ltd. | Chinese mainland operations | subsidiary | — | — |
| HongKong Walnut Street Limited | Hong Kong holding company | subsidiary | — | — |
| Pinduoduo Investment Limited | Investment vehicle, British Virgin Islands | subsidiary | — | — |
| Radiance Sea Group Limited | Cayman Islands holding company | subsidiary | — | — |
| Hangzhou Aimi Network Technology Co., Ltd. | Consolidated variable interest entity: controlled by contract, not by shareholding | affiliate | — | — |
| Shanghai Xunmeng Information Technology Co., Ltd. | Subsidiary of the variable interest entity | subsidiary | Hangzhou Aimi Network Technology Co., Ltd. · index grouping | — |
The exhibit separates ordinary subsidiaries from a consolidated variable interest entity and its own subsidiary. The Chinese operating licences sit in the contractual structure rather than in the listed company, which is why the two are listed under different headings. [source]
Coinbase
scored: Coinbase — B 1.83 · EVENT HORIZON
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Coinbase, Inc. | The United States exchange | subsidiary | — | — |
| Coinbase Custody Trust Company, LLC | New York limited-purpose trust company holding customer assets | subsidiary | — | — |
| Coinbase Custody International Limited | Custody, Ireland | subsidiary | — | — |
| Coinbase Financial Markets, Inc. | Broker-dealer | subsidiary | — | — |
| Coinbase Capital Markets Corporation | Capital markets | subsidiary | — | — |
| Coinbase Derivatives, LLC | Derivatives exchange | subsidiary | — | — |
| Coinbase Credit, Inc. | Lending | subsidiary | — | — |
| Coinbase Asset Management, LLC | Asset management | subsidiary | — | — |
| Coinbase Europe Limited | Europe, Ireland | subsidiary | — | — |
| Coinbase Ireland Limited | Ireland | subsidiary | — | — |
| Coinbase Luxembourg S.A. | Luxembourg | subsidiary | — | — |
| CB Payments, Ltd | Payments, United Kingdom | subsidiary | — | — |
Custody is a separate trust company chartered in New York, which is what puts customer assets in a different legal container from the exchange that trades them. The rest of the perimeter is one licence per activity and one entity per jurisdiction — the shape of a regulated intermediary, not of a protocol. [source]
Grab
scored: Grab — B 3.52 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Grabtaxi Holdings Pte. Ltd. | Principal operating holding company, Singapore | subsidiary | — | — |
| MyTeksi Sdn. Bhd. | Malaysia, the company the group started as | subsidiary | — | — |
| MyTaxi.PH, Inc. | Philippines | subsidiary | — | — |
| Grabtaxi (Thailand) Co., Ltd. | Thailand | subsidiary | — | — |
| PT Grab Teknologi Indonesia | Indonesia | subsidiary | — | — |
| Grab Company Limited | Vietnam | subsidiary | — | — |
| GrabCar Pte. Ltd. | Ride-hailing, Singapore | subsidiary | — | — |
| Grab Rentals Pte. Ltd. | Vehicle rental | subsidiary | — | — |
| GPay Network (S) Pte. Ltd. | Payments | subsidiary | — | — |
| GP Network Asia Pte. Ltd. | Payments network | subsidiary | — | — |
| PT Kudo Teknologi Indonesia | Agent network, Indonesia | subsidiary | — | — |
| PT Solusi Pengiriman Indonesia | Delivery, Indonesia | subsidiary | — | — |
| Jaya Grocer Holdings Sdn. Bhd. | Grocery retail, Malaysia | subsidiary | — | — |
A supermarket chain sits inside a ride-hailing perimeter, alongside payments companies and a vehicle-rental company. The exhibit shows how much of what a super-app offers is owned rather than partnered. [source]
Synopsys and Cadence
scored: Synopsys/Cadence (EDA Duopoly) — B 13.50 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Synopsys International Limited | Ireland, principal international entity | subsidiary | — | — |
| ANSYS, Inc. | Simulation software | subsidiary | — | — |
| ANSYS France SAS | France | subsidiary | ANSYS, Inc. · index grouping | — |
| ANSYS UK Limited | United Kingdom | subsidiary | ANSYS, Inc. · index grouping | — |
| ANSYS Luxembourg Holding Company S.à.r.l. | Luxembourg holding company | subsidiary | ANSYS, Inc. · index grouping | — |
| Synopsys (India) Private Limited | India engineering | subsidiary | — | — |
| Synopsys Taiwan Co., Ltd. | Taiwan | subsidiary | — | — |
| Cadence Design Systems LLC | The other half of the duopoly: principal US entity | affiliate | — | — |
| Cadence Design Systems (Ireland) Limited | Ireland | affiliate | — | — |
| Cadence Design Systems (India) Private Limited | India engineering | affiliate | — | — |
| BETA CAE Systems International AG | Simulation software, held by Cadence | affiliate | — | — |
| Apex Semiconductor LLC. | Held by Cadence | affiliate | — | — |
This is the one scored entry that stands for two companies, so the map carries both perimeters and marks the second one as an affiliate of the entry rather than of the first company. They are not related to each other in law. [source] [source 2]
Both halves of the duopoly bought a simulation company in the same period, and both kept it under its own name: one holds ANSYS, the other holds BETA CAE. Cadence states in its exhibit that all of its subsidiaries are wholly owned. [source]
Deere & Company
scored: Deere & Company — B 4.68 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| John Deere Capital Corporation | The finance arm | subsidiary | — | — |
| John Deere Bank S.A. | Licensed bank, Luxembourg | subsidiary | John Deere Capital Corporation · index grouping | — |
| John Deere Financial Inc. | Financial services | subsidiary | John Deere Capital Corporation · index grouping | — |
| Deere Credit, Inc. | Credit | subsidiary | John Deere Capital Corporation · index grouping | — |
| John Deere Receivables LLC | Receivables funding | subsidiary | John Deere Capital Corporation · index grouping | — |
| Wirtgen GmbH | Road construction equipment | subsidiary | — | — |
| Hamm AG | Compaction equipment | subsidiary | Wirtgen GmbH · index grouping | — |
| Wirtgen America, Inc. | United States | subsidiary | Wirtgen GmbH · index grouping | — |
| John Deere Forestry Oy | Forestry machines, Finland | subsidiary | — | — |
| John Deere India Private Limited | India | subsidiary | — | — |
| John Deere Canada ULC | Canada | subsidiary | — | — |
| John Deere Asia (Singapore) Private Limited | Asia | subsidiary | — | — |
A tractor maker that owns a licensed bank. The finance arm has its own bank in Luxembourg and its own receivables vehicles, so the credit that puts a machine on a farm is issued from inside the same perimeter as the machine. [source]
Corning
scored: Corning — B 3.84 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Corning Optical Communications LLC | Optical fibre and cable | subsidiary | — | — |
| Corning Optical Communications RF LLC | Radio-frequency components | subsidiary | Corning Optical Communications LLC · index grouping | — |
| Corning Display Technologies Taiwan Co., Ltd. | Display glass, Taiwan | subsidiary | — | — |
| Corning Display Technologies (China) Co., Ltd. | Display glass, China | subsidiary | — | — |
| Hemlock Semiconductor, L.L.C. | Polysilicon for semiconductors and solar | subsidiary | — | — |
| Hemlock Holdings LLC | Holding company | subsidiary | Hemlock Semiconductor, L.L.C. · index grouping | — |
| Alliance Fiber Optic Products, Inc. | Optical components | subsidiary | — | — |
| Axygen Holdings Corporation | Life-sciences plasticware | subsidiary | — | — |
| Corning Life Sciences (Wujiang) Co., Ltd. | Life sciences, China | subsidiary | — | — |
| Corning Automotive Glass Solutions (Hefei) Co., Ltd. | Automotive glass, China | subsidiary | — | — |
| Corning (Hainan) Optical Communications Co., Ltd. | Optical communications, China | subsidiary | — | — |
The perimeter is one glass company per application — display, optical, automotive, life sciences — and a polysilicon business that is not glass at all. [source]
Linde
scored: Linde — B 3.53 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| BOC Limited | The British industrial-gas company, under its own name | subsidiary | — | — |
| BOC Group B.V. | Netherlands holding company | subsidiary | BOC Limited · index grouping | — |
| BOC Australia Pty Limited | Australia | subsidiary | BOC Limited · index grouping | — |
| BOC Kenya plc | Kenya, separately listed | subsidiary | BOC Limited · index grouping | — |
| BOC Gases Ireland Limited | Ireland | subsidiary | BOC Limited · index grouping | — |
| Linde Electronics GmbH | Electronic-materials gases | subsidiary | — | — |
| Linde Electronics B.V. | Electronic materials, Netherlands | subsidiary | — | — |
| Linde Advanced Material Technologies Inc. | Surface technologies | subsidiary | — | — |
| Linde Canada Inc. | Canada | subsidiary | — | — |
| Linde (Thailand) Public Company Limited | Thailand, separately listed | subsidiary | — | — |
The exhibit is one of the longest here and it carries two heritages at once: entities named Linde and entities named BOC, decades after the companies behind those names stopped being separate. [source]
Clarivate
scored: Clarivate (Web of Science) — B 4.99 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Clarivate Analytics (International) Limited | International holding company | subsidiary | — | — |
| Ex Libris Group Holdings Corp. | Library systems | subsidiary | — | — |
| Ex Libris (UK) Limited | United Kingdom | subsidiary | Ex Libris Group Holdings Corp. · index grouping | — |
| Ex Libris (Deutschland) GmbH | Germany | subsidiary | Ex Libris Group Holdings Corp. · index grouping | — |
| CPA Global Group Holdings Limited | Intellectual-property management | subsidiary | — | — |
| CPA Global Limited | Operating company | subsidiary | CPA Global Group Holdings Limited · index grouping | — |
| CPA Global Patent Research LLC | Patent research | subsidiary | CPA Global Group Holdings Limited · index grouping | — |
| Decision Resources, LLC | Healthcare market research | subsidiary | — | — |
| DRG Holdco Inc. | Holding company | subsidiary | Decision Resources, LLC · index grouping | — |
| Clarivate Analytics (Compumark) Limited | Trademark research | subsidiary | — | — |
| Clarivate Analytics (India) Private Limited | India | subsidiary | — | — |
| Clarivate Analytics (Japan) Co. Ltd. | Japan | subsidiary | — | — |
The company that runs the citation index also owns the library system, the trademark search service and the patent-renewal business. Several of the research infrastructures a university pays for separately sit inside one perimeter here. [source]
Coursera
scored: Coursera — B 0.64 · GROWING GRAVITY
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Coursera International Holdings, LLC | International holding company | subsidiary | — | — |
| Coursera Europe B.V. | Netherlands | subsidiary | — | — |
| Coursera UK Limited | United Kingdom | subsidiary | — | — |
| Coursera India Private Limited | India, the largest learner base outside the United States | subsidiary | — | — |
| Coursera Germany GmbH | Germany | subsidiary | — | — |
| Coursera France SAS | France | subsidiary | — | — |
| Coursera Canada Limited | Canada | subsidiary | — | — |
| Coursera Australia Pty Ltd | Australia | subsidiary | — | — |
| Coursera Singapore Pte. Limited | Singapore | subsidiary | — | — |
| Coursera FZ-LLC | United Arab Emirates | subsidiary | — | — |
| Chess Merger Sub, Inc. | Merger vehicle | subsidiary | — | — |
Every entity is a country office. The content on this platform comes from universities under contract rather than from companies inside the perimeter, and the exhibit reflects that: there is nothing here but geography. [source]
AT&T
scored: AT&T — B 3.21 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| AT&T Teleholdings, Inc. | Holds several of the regional operating companies | subsidiary | — | — |
| Illinois Bell Telephone Company, LLC | Trades as AT&T Illinois | subsidiary | AT&T Teleholdings, Inc. · index grouping | — |
| Indiana Bell Telephone Company, LLC | Trades as AT&T Indiana | subsidiary | AT&T Teleholdings, Inc. · index grouping | — |
| Michigan Bell Telephone Company, LLC | Trades as AT&T Michigan | subsidiary | AT&T Teleholdings, Inc. · index grouping | — |
| The Ohio Bell Telephone Company, LLC | Trades as AT&T Ohio | subsidiary | AT&T Teleholdings, Inc. · index grouping | — |
| Nevada Bell Telephone Company, LLC | Trades as AT&T Nevada | subsidiary | — | — |
| Pacific Bell Telephone Company | Trades as AT&T California | subsidiary | — | — |
| Southwestern Bell Telephone Company, LLC | Trades as AT&T Texas and five other state names | subsidiary | — | — |
The exhibit prints a third column for the names each company does business under, and reading it is a map of the old Bell system: the state telephone companies still exist as legal entities and still carry their original names. [source]
Marqeta
scored: Marqeta — B 1.52 · EVENT HORIZON
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Marqeta Payments, LLC | Payments operations | subsidiary | — | — |
| Marqeta Services, LLC | Services | subsidiary | — | — |
| Power Finance Inc. | Credit-card programme platform | subsidiary | — | — |
| TransactPay Holdings, Inc. | European licensed issuing | subsidiary | — | — |
| Transact Payments Limited | Gibraltar | subsidiary | TransactPay Holdings, Inc. · index grouping | — |
| Transact Payments Malta Limited | Malta | subsidiary | TransactPay Holdings, Inc. · index grouping | — |
| Transact Payments Services Limited UK | United Kingdom | subsidiary | TransactPay Holdings, Inc. · index grouping | — |
| Marqeta UK Ltd | United Kingdom | subsidiary | — | — |
| Marqeta Singapore Pte. Ltd. | Singapore | subsidiary | — | — |
| Marqeta do Brasil Processadora e Servicos LTDA | Brazil | subsidiary | — | — |
A card-issuing platform that buys its own European licences rather than renting them: the Gibraltar and Malta entities are what let it issue in Europe without a partner bank in each country. [source]
Figma
scored: Figma — B 2.54 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Figma International, LLC | International holding company | subsidiary | — | — |
| Figma Ireland Limited | Ireland | subsidiary | — | — |
| Figma UK Ltd. | United Kingdom | subsidiary | — | — |
| Figma India Private Limited | India | subsidiary | — | — |
| Figma Japan K.K. | Japan | subsidiary | — | — |
| Figma Ventures LLC | Corporate venture arm | subsidiary | — | — |
| Payload CMS, LLC | Headless content management | subsidiary | — | — |
| Weavy Inc. | AI image tooling | subsidiary | — | — |
| Weavy AI Ltd. | Israel | subsidiary | Weavy Inc. · index grouping | — |
| Visly Inc. | Design tooling | subsidiary | — | — |
| Vmlapp Sweden AB | Sweden | subsidiary | — | — |
A recently listed company whose exhibit already carries four acquired names, two of them in tooling adjacent to the core editor rather than inside it. [source]
monday.com
scored: Monday.com — B 1.33 · EVENT HORIZON
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| monday.com Inc. | United States | subsidiary | — | — |
| monday.com UK 2020 Ltd. | United Kingdom | subsidiary | — | — |
| monday.com GmbH | Germany | subsidiary | — | — |
| monday.com SAS | France | subsidiary | — | — |
| monday.com K.K. | Japan | subsidiary | — | — |
| monday.com Pty Ltd. | Australia | subsidiary | — | — |
| monday.com PTE .LTD. | Singapore | subsidiary | — | — |
| monday.com Ltda. | Brazil | subsidiary | — | — |
| monday.com SP .Z O.O. | Poland | subsidiary | — | — |
Nine entities, all of them the same name with a country suffix. The parent is Israeli and everything else is a sales office; nothing has been acquired. [source]
Shopify
scored: Shopify — B 3.47 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Shopify LLC | United States | subsidiary | — | — |
| Shopify Holdings (USA) 2 Inc. | US holding company | subsidiary | — | — |
| Shopify International Limited | Ireland, international operations | subsidiary | — | — |
| Shopify Commerce Singapore Pte. Ltd. | Singapore | subsidiary | — | — |
Four entities. A platform that a large share of independent online retail runs on discloses a corporate perimeter of four companies, the merchant relationships being contracts rather than holdings. [source]
América Móvil
scored: America Movil — B 3.82 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Radiomóvil Dipsa, S.A. de C.V. | Wireless in Mexico, trading as Telcel | subsidiary | — | 100.0% |
| Teléfonos de México, S.A.B. de C.V. | Fixed-line in Mexico | subsidiary | — | 100.0% |
| Claro S.A. | Fixed-line and wireless in Brazil | subsidiary | — | 99.6% |
| Claro Telecom Participações S.A. | Brazilian holding company | subsidiary | — | 100.0% |
| Telekom Austria AG | Austrian holding company | majority stake | — | 60.9% |
| A1 Telekom Austria AG | Fixed-line and wireless in Austria | majority stake | — | 60.9% |
| Sercotel, S.A. de C.V. | Holding company, Mexico | subsidiary | — | 100.0% |
| Controladora de Servicios de Telecomunicaciones, S.A. de C.V. | Holding company, Mexico | subsidiary | — | 100.0% |
| CGTEL, S.A.P.I. de C.V. | Holding company, Mexico | subsidiary | — | 100.0% |
The exhibit prints an ownership percentage and a main activity against each name, so the shape of the group is legible from it directly: wholly owned in Latin America, a controlling but partial stake in Austria. [source]
AstraZeneca
scored: AstraZeneca — B 2.57 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| AstraZeneca AB | Sweden, principal operating company | subsidiary | — | 100 |
| AstraZeneca UK Limited | United Kingdom | subsidiary | — | 100 |
| AstraZeneca Pharmaceuticals LP | United States | subsidiary | — | 100 |
| Alexion Pharmaceuticals, Inc. | Rare disease medicines | subsidiary | — | 100 |
| Alexion Pharma International Operations Limited Company | Ireland | subsidiary | Alexion Pharmaceuticals, Inc. · index grouping | 100 |
| AstraZeneca Biotech AB | Sweden, biotech | subsidiary | — | 100 |
| AstraZeneca Intermediate Holdings Limited | Holding company | subsidiary | — | 100 |
| AstraZeneca Finance and Holdings Inc. | US finance and holding | subsidiary | — | 100 |
| AstraZeneca Treasury Limited | Treasury | subsidiary | — | 100 |
| Zeneca Holdings Inc. | United States, under a predecessor name | subsidiary | — | 100 |
The exhibit gives the percentage of voting share capital held against each entity, and every one of the wholly owned subsidiaries listed reads 100. One entity still carries the pre-merger name Zeneca. [source]
Johnson & Johnson
scored: Johnson and Johnson — B 2.53 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Janssen Biotech, Inc. | Biologic medicines | subsidiary | — | — |
| Janssen Pharmaceutica (Proprietary) Limited | South Africa | subsidiary | — | — |
| Actelion Pharmaceuticals Ltd | Pulmonary hypertension medicines, Switzerland | subsidiary | — | — |
| Actelion Pharmaceuticals US, Inc. | United States | subsidiary | Actelion Pharmaceuticals Ltd · index grouping | — |
| Ethicon, Inc. | Surgical devices | subsidiary | — | — |
| Ethicon Endo-Surgery, Inc. | Endoscopic surgery | subsidiary | Ethicon, Inc. · index grouping | — |
| DePuy Synthes, Inc. | Orthopaedics | subsidiary | — | — |
| DePuy Orthopaedics, Inc. | Joint reconstruction | subsidiary | DePuy Synthes, Inc. · index grouping | — |
| DePuy Spine, LLC | Spinal devices | subsidiary | DePuy Synthes, Inc. · index grouping | — |
| DePuy International Limited | United Kingdom | subsidiary | DePuy Synthes, Inc. · index grouping | — |
| Cerenovus, Inc. | Neurovascular devices | subsidiary | — | — |
| Auris Health, Inc. | Robotic surgery | subsidiary | — | — |
| Abiomed Europe GmbH | Heart pumps, Europe | subsidiary | — | — |
The medicines and the devices sit in the same perimeter under different family names — Janssen on one side, Ethicon and DePuy on the other — and each family keeps its own country companies. [source]
Pfizer
scored: Pfizer — B 1.82 · EVENT HORIZON
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Pfizer Ireland Pharmaceuticals | Ireland, manufacturing and intellectual property | subsidiary | — | — |
| Pfizer Manufacturing Ireland Unlimited Company | Irish manufacturing | subsidiary | Pfizer Ireland Pharmaceuticals · index grouping | — |
| Pfizer Manufacturing Belgium N.V. | Belgian manufacturing | subsidiary | — | — |
| Pfizer Manufacturing Austria G.m.b.H. | Austrian manufacturing | subsidiary | — | — |
| Hospira, Inc. | Injectable medicines and infusion | subsidiary | — | — |
| Hospira Worldwide, LLC | Worldwide operations | subsidiary | Hospira, Inc. · index grouping | — |
| Hospira UK Limited | United Kingdom | subsidiary | Hospira, Inc. · index grouping | — |
| Array BioPharma Inc. | Targeted oncology | subsidiary | — | — |
| Medivation LLC | Prostate cancer medicines | subsidiary | — | — |
| Medivation Prostate Therapeutics LLC | Prostate therapeutics | subsidiary | Medivation LLC · index grouping | — |
| Anacor Pharmaceuticals, LLC | Dermatology | subsidiary | — | — |
| Pfizer Incubator LLC | Early-stage venture | subsidiary | — | — |
Manufacturing appears as a separate company in each country that hosts a plant, and the acquired research companies keep their own names inside the perimeter years after the deals. [source]
Bitcoin
scored: Bitcoin (BTC) — B 1.82 · EVENT HORIZON
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|
There is no organisation to draw. The project’s own reference site answers the question directly: nobody owns the Bitcoin network, much like no one owns the technology behind email. Every other map on this page is a perimeter of companies; this one is empty because the thing being scored has no perimeter, and that is a fact about it rather than a gap in the research. [source]
Ethereum
scored: Ethereum (ETH) — B 4.57 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Ethereum Foundation | Non-profit that funds protocol research and development; it does not own the network | steward | — | — |
One body appears, and what it does is fund and coordinate rather than control. The foundation is not a parent company and the protocol is not its property; the map shows the one organisation a source names and nothing more. [source]
Solana
scored: Solana (SOL) — B 4.83 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Solana Foundation | Non-profit supporting the network, based in Switzerland | steward | — | — |
As with the other large protocols, the organisation named beside the network is a foundation rather than a company, and it is registered in Switzerland. [source]
Cardano
scored: Cardano (ADA) — B 1.12 · TRANSITION
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Cardano Foundation | Steward of the protocol | steward | — | — |
| Input Output | Engineering and research | steward | — | — |
| EMURGO | Commercial development | steward | — | — |
| Intersect | Member-based governance body | steward | — | — |
Four bodies rather than one, each with a different job and none of them a parent of the others. This is the most elaborated organisational arrangement of any protocol on the map, and it is still not a corporate group. [source]
XRP
scored: XRP — B 1.02 · TRANSITION
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Ripple Labs, Inc. | The company that created the asset and holds a large share of it, per the regulator’s complaint | steward | — | — |
The source here is a regulator’s complaint rather than a corporate filing, and a complaint is an allegation, not a finding. It is cited because it is the primary document that names the company beside this asset. [source]
TRON
scored: TRON (TRX) — B 1.85 · EVENT HORIZON
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Tron Foundation Limited | Named as the issuer of the asset in the regulator’s complaint | steward | — | — |
| BitTorrent Foundation Ltd. | Named alongside it in the same complaint | steward | — | — |
| Rainberry, Inc. | The company formerly called BitTorrent, Inc. | steward | — | — |
As with the other asset above, this is an unadjudicated pleading and nothing here is a finding of fact. It is cited because it is the primary document naming the organisations. [source]
Dogecoin
scored: Dogecoin (DOGE) — B 0.17 · USEFUL TOOL
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Dogecoin Foundation | Non-profit supporting the project | steward | — | — |
The lowest-scoring system in the index has one organisation beside it, and that organisation supports rather than owns. The index gives this asset the lowest structural lock-in of anything scored, and the emptiness of this map is part of the same observation. [source]
Tether
scored: Tether (USDT) — B 1.65 · EVENT HORIZON
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Tether Limited | The issuer named in the legal terms | steward | — | — |
| Tether Operations | Named in the same terms | steward | — | — |
Unlike the protocols above, this asset does have a company behind it, and the company is the one a holder contracts with. Its published legal terms are the source; no ownership percentages are claimed here because none is stated there. [source]
Chainlink
scored: Chainlink — B 3.21 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Chainlink Labs | Development company | steward | — | — |
| Chainlink Foundation | Foundation | steward | — | — |
A company and a foundation side by side, which is the commonest arrangement among the protocols on this map that have any organisation at all. [source]
Aave
scored: Aave — B 1.67 · EVENT HORIZON
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Aave Labs | Development company | steward | — | — |
One development company is named on the project’s own site. Governance of the protocol itself is exercised by token holders rather than by that company, and no document here places one above the other. [source]
Lido
scored: Lido — B 0.80 · TRANSITION
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Lido DAO | Token-holder governance body | steward | — | — |
What appears beside this protocol is not a company but a decentralised autonomous organisation. There is no filing to read and no register to check, which is itself the point worth recording. [source]
OpenSea
scored: OpenSea — B 0.63 · GROWING GRAVITY
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Ozone Networks | The company a user contracts with, named in the terms of service | steward | — | — |
The marketplace is a private company operating under a different name from its product, and the only primary document that names it is the terms a user accepts. [source]
Consensys
scored: MetaMask (Wallet) — B 2.56 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Consensys | The company that develops the wallet | steward | — | — |
| MetaMask | The wallet itself | product | — | — |
| Infura | The default RPC provider the wallet reaches the network through under its default settings | product | — | — |
The wallet and the node infrastructure it talks to by default are products of the same private company. That is a dependency worth seeing on a map about lock-in: the self-custody tool and the road it takes to the chain have one owner. [source] [source 2]
Uniswap
scored: Uniswap — B 0.96 · TRANSITION
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|
No organisation is drawn here. A development company is widely reported to exist, but no primary document reachable from this index names it in a form the figure checker could verify, and this map publishes nothing it cannot check. The cited page is the project’s own front page, fetched and found to name no organisation. The absence is the state of the evidence, not a claim that no company exists. [source]
Hyperliquid
scored: Hyperliquid (HYPE) — B 3.25 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|
Same position as the entry above: the project’s own pages are rendered by script and yielded no organisation name to a plain fetch, so nothing is drawn. What is scored here is a protocol; what would go on this map is whoever builds it, and the cited page — the foundation’s own site — returned nothing to a plain fetch. [source]
Anthropic
scored: Claude (Anthropic) — B 1.66 · EVENT HORIZON
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Anthropic, PBC | The company a user contracts with, a public benefit corporation | steward | — | — |
| Anthropic Ireland | The contracting entity for users outside the United States | subsidiary | — | — |
| Long-Term Benefit Trust | A trust holding a class of stock with the power to elect board members | steward | — | — |
A private company, so there is no subsidiary exhibit to read; the two entities above are the ones its own published terms name as the parties a user contracts with. The third is not a company at all but a trust, described in the company’s own announcement as holding a class of stock carrying board-election rights — a governance arrangement with no equivalent among the listed corporations on this map. [source] [source 2]
OpenAI
scored: ChatGPT — B 2.25 · EVENT HORIZON
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|
Nothing is drawn, and this note cites nothing, because there is nothing to cite. The company is private, so no subsidiary exhibit exists; its own pages describing its structure refuse automated requests outright, and every attempt to fetch one was declined. A claim about a structure that cannot be verified does not belong on this map, so the map stays empty. By every public account the structure is the most unusual on this page, which is precisely why it will not be published here on hearsay.
Perplexity
scored: Perplexity — B 0.95 · TRANSITION
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|
The same position, for the same reason: a private company whose own pages decline automated requests, so the entity a user contracts with could not be read from any source this index is able to check. Nothing is drawn and nothing is cited.
AI-OS archetype
scored: AI-OS (Theoretical) — B 7.67 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|
This entry names no real system, and its own name says so. It is a theoretical archetype scored to mark where the scale would run if a system combined the deepest values of every capture parameter; there is no company to map and there never was one. The same reasoning excluded it from the reliability study’s cohort, where no evaluator could research it. [source]
Generic chat archetype
scored: Chat LLM (Generic) — B 0.22 · USEFUL TOOL
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|
The other archetype. It stands for the class of chat assistants rather than for any one of them, so there is no corporate perimeter to draw, and the parenthesis in its published name is the whole of the explanation. [source]
Adyen
scored: Adyen — B 5.10 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Adyen N.V. | The licensed entity a merchant contracts with | subsidiary | — | — |
A private-law contract rather than a filing names the entity here: the terms a merchant accepts. The company holds a European banking licence, so the acquirer and the bank are the same legal person. [source]
Kakao
scored: Kakao — B 8.32 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Kakao Corp | The parent company of the messaging platform and its affiliates | subsidiary | — | — |
The Korean group publishes its affiliate list in its own disclosures rather than in a subsidiary exhibit, and the page cited here names the parent only. What is drawn is what could be read. [source]
China Mobile
scored: China Mobile — B 8.64 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| China Mobile Limited | The listed company | subsidiary | — | — |
The listed vehicle is named here; the state shareholding above it is not disclosed on this page and is therefore not drawn. [source]
Siemens Energy
scored: Siemens Energy — B 4.89 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Siemens Energy | The company itself, scored in this universe; spun out of the wider Siemens group | subsidiary | — | — |
A German issuer that files no subsidiary exhibit with a securities regulator this checker can reach, so only the company itself is drawn. [source]
PJM Interconnection
scored: PJM Interconnection — B 12.53 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| PJM | The regional transmission organisation | programme | — | — |
This is not a company in the ordinary sense and has no owner: it is a regional transmission organisation whose members are the utilities and generators on its own network, operating under federal regulation. There is no perimeter of subsidiaries to draw. [source]
FAA NextGen
scored: FAA NextGen — B 12.20 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| NextGen | A modernisation programme, not a company | programme | — | — |
| Federal Aviation Administration | The agency running it | programme | — | — |
The only entry on this map that belongs to a government. What is scored here is a programme of a federal agency, so there are no shareholders, no subsidiaries and no perimeter — the escape side of this index is measuring something that has no commercial exit at all. [source]
Stripe
scored: Stripe — B 3.67 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Stripe Payments | The contracting entity named in the services agreement | subsidiary | — | — |
A private company, so the source is the agreement a user signs rather than a filing. [source]
Plaid
scored: Plaid — B 2.89 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Plaid Inc. | The company | subsidiary | — | — |
| Plaid Financial | The regulated entity named in the same legal pages | subsidiary | — | — |
Private, so the legal pages are the primary source. Two entities are named there: the company and a separately named financial one. [source]
Valve
scored: Steam — B 5.32 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Valve Corporation | The company behind the store, named in its subscriber agreement | subsidiary | — | — |
One of the largest software distribution platforms in the world belongs to a private company that publishes no accounts. Its subscriber agreement is the primary document that names it, and it is the whole of what can be drawn. [source]
Epic Systems
scored: Epic Systems — B 12.34 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Epic Systems Corporation | The company | subsidiary | — | — |
The medical-records system most American hospitals run on belongs to a private company that has never been listed. There is no filing, and the company’s own page names no other entity. [source]
Telegram
scored: Telegram — B 2.03 · EVENT HORIZON
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Telegram | The service itself, scored in this universe, as named in its own published answers | product | — | — |
The corporate structure of this messenger is not published in any document this checker can reach. Its own answers name the service and not the company, so that is what is drawn. [source]
Discord
scored: Discord — B 1.92 · EVENT HORIZON
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Discord Inc. | The United States contracting entity | subsidiary | — | — |
| Discord Netherlands | The entity for users outside the United States | subsidiary | — | — |
Private, and the terms of service are the source. They name two contracting entities split by geography, the ordinary shape for a consumer service with European users. [source]
Instructure
scored: Canvas LMS — B 3.17 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Instructure | The company behind the learning management system | subsidiary | — | — |
| Canvas | The product itself | product | — | — |
Taken private, so no subsidiary exhibit is filed any more. The company’s own page names the company and the product and nothing else. [source]
Novo Nordisk
scored: Novo Nordisk — B 2.61 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Novo Nordisk A/S | The listed company | subsidiary | — | — |
A foreign issuer that files no subsidiary exhibit this checker could locate. The controlling foundation above the company is not named on the page cited and is therefore not drawn, although it is the more interesting half of the structure. [source]
Reliance Jio
scored: Reliance Jio — B 9.18 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Jio Platforms | The digital-services holding company | subsidiary | — | — |
The parent group’s own site names the digital holding company. The telecom operating company beneath it is not named on the page cited. [source]
Hon Hai
scored: Foxconn — B 5.65 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Hon Hai Precision Industry | The company’s legal name | subsidiary | — | — |
| Foxconn | The name it trades under, and the name scored in this universe | brand | — | — |
The manufacturer that assembles a large share of the world’s consumer electronics trades under a different name from the one it is registered under, and its own site gives both. [source]
Anthology
scored: Blackboard — B 1.82 · EVENT HORIZON
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Anthology | The company | subsidiary | — | — |
| Blackboard | The learning platform scored in this universe, now a product of that company | brand | — | — |
The platform kept its name and the company took another after a merger; the company’s own site names both. [source]
CATL
scored: CATL — B 7.10 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Contemporary Amperex | The registered name | subsidiary | — | — |
| CATL | The name it trades under, and the name scored in this universe | brand | — | — |
As with the contract manufacturer above, the registered name and the trading name differ, and the company publishes both. [source]
Verizon
scored: Verizon — B 3.29 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Cellco Partnership | Described in the annual report as a wholly-owned subsidiary of the company | subsidiary | — | — |
| Verizon Business | The enterprise segment | division | — | — |
| TracFone | Prepaid wireless | subsidiary | — | — |
This company files no subsidiary exhibit, so the rows above come from the text of the annual report itself. That is weaker evidence of corporate structure than an exhibit, and it is labelled as such here rather than presented as equivalent. [source]
Zoom
scored: Zoom — B 0.90 · TRANSITION
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Zoom Communications | The company under its present name | subsidiary | — | — |
| Zoom Video | The name it carried before, still used in the filing | brand | — | — |
| Workvivo | The employee-experience platform | product | — | — |
No subsidiary exhibit is filed, so these come from the annual report’s own text. The filing records that the company changed its name, changed it again, and then changed it back. [source]
Vodafone
scored: Vodafone — B 2.35 · EVENT HORIZON
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Vodafone Limited | United Kingdom operating company | subsidiary | — | — |
| Vodacom Group | African operations, separately listed | majority stake | — | — |
| Safaricom | Kenyan operator held through the African business | majority stake | — | — |
| VodafoneZiggo | Netherlands joint venture | joint venture | — | — |
| Vantage Towers | Tower infrastructure | majority stake | — | — |
| Vodafone Idea | Indian associate | majority stake | — | — |
No subsidiary exhibit accompanies this filing, so the rows come from the annual report’s own text. Two of them are not wholly owned and one is a joint venture, which the report states and this map marks rather than flattening into ownership. [source]
M-Pesa
scored: M-Pesa — B 8.16 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| M-Pesa | The payment service itself, scored in this universe | product | — | — |
| Safaricom | The Kenyan operator that runs it | majority stake | — | — |
| Vodacom Group | The African group above it | majority stake | — | — |
This entry is a payment service rather than a company, and the only primary document that describes its ownership chain is the annual report of the group at the top of it. [source]
Wise
scored: Wise — B 1.80 · EVENT HORIZON
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Wise Payments | The operating company named on its own pages | subsidiary | — | — |
A listed company whose filings are made in the United Kingdom rather than to a securities regulator this checker reaches, so its own pages are the source and only the operating company is named there. [source]
Siemens AG
scored: Siemens Digital Industries — B 7.06 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Siemens AG | The parent company | subsidiary | — | — |
What is scored here is a division rather than a company, and the division is not named on the page cited. Only the parent could be verified, so only the parent is drawn. [source]
Bloomberg
scored: Bloomberg Terminal — B 7.21 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| BLOOMBERG LP | The private partnership behind the terminal, as the regulator’s own index writes it | subsidiary | — | — |
A private partnership that publishes no accounts. The only primary record reachable here is the securities regulator’s own index of filings the partnership makes, which names it and nothing else. Its ownership is widely reported and nowhere documented in a form this map will accept. [source]
Eli Lilly
scored: Eli Lilly — B 2.81 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Loxo@Lilly | The oncology unit, under the name the filing uses | division | — | — |
| Lilly USA | United States commercial entity | subsidiary | — | — |
This company files no subsidiary exhibit, so the two rows above are what the annual report’s own text names. It is a thin map for a company of this size, and the thinness belongs to the disclosure rather than to the company. [source]
Cloudflare
scored: Cloudflare — B 4.21 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|---|---|---|---|
| Cloudflare, Inc. | The company | subsidiary | — | — |
| Area 1 Security | An acquired company, named in the filing’s exhibit index | subsidiary | — | — |
| Cloudflare Workers | The developer platform | product | — | — |
No subsidiary exhibit is filed. One acquired company is named anywhere in the annual report, and it appears in the list of exhibits rather than in a description of the group. [source]
BYD
scored: BYD — B 2.51 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|
Nothing is drawn and nothing is cited. This organisation publishes no subsidiary list that this checker can reach: its own pages decline automated requests, and no filing with a securities regulator covers it in a form that could be read. The map is empty because the evidence is out of reach, not because the structure is simple, and an unverifiable claim does not belong here.
DTCC
scored: DTCC — B 15.44 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|
Nothing is drawn and nothing is cited. This organisation publishes no subsidiary list that this checker can reach: its own pages decline automated requests, and no filing with a securities regulator covers it in a form that could be read. The map is empty because the evidence is out of reach, not because the structure is simple, and an unverifiable claim does not belong here.
SWIFT
scored: SWIFT — B 6.78 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|
Nothing is drawn and nothing is cited. This organisation publishes no subsidiary list that this checker can reach: its own pages decline automated requests, and no filing with a securities regulator covers it in a form that could be read. The map is empty because the evidence is out of reach, not because the structure is simple, and an unverifiable claim does not belong here.
Experian
scored: Experian — B 5.82 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|
Nothing is drawn and nothing is cited. This organisation publishes no subsidiary list that this checker can reach: its own pages decline automated requests, and no filing with a securities regulator covers it in a form that could be read. The map is empty because the evidence is out of reach, not because the structure is simple, and an unverifiable claim does not belong here.
Turnitin
scored: Turnitin — B 3.10 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|
Nothing is drawn and nothing is cited. This organisation publishes no subsidiary list that this checker can reach: its own pages decline automated requests, and no filing with a securities regulator covers it in a form that could be read. The map is empty because the evidence is out of reach, not because the structure is simple, and an unverifiable claim does not belong here.
Revolut
scored: Revolut — B 2.98 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|
Nothing is drawn and nothing is cited. This organisation publishes no subsidiary list that this checker can reach: its own pages decline automated requests, and no filing with a securities regulator covers it in a form that could be read. The map is empty because the evidence is out of reach, not because the structure is simple, and an unverifiable claim does not belong here.
Epic Games
scored: Epic Games — B 3.51 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|
Nothing is drawn and nothing is cited. This organisation publishes no subsidiary list that this checker can reach: its own pages decline automated requests, and no filing with a securities regulator covers it in a form that could be read. The map is empty because the evidence is out of reach, not because the structure is simple, and an unverifiable claim does not belong here.
Dassault Systèmes
scored: Dassault Systemes — B 6.89 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|
Nothing is drawn and nothing is cited. This organisation publishes no subsidiary list that this checker can reach: its own pages decline automated requests, and no filing with a securities regulator covers it in a form that could be read. The map is empty because the evidence is out of reach, not because the structure is simple, and an unverifiable claim does not belong here.
National Grid
scored: National Grid UK — B 11.27 · BLACK HOLE
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|
Nothing is drawn and nothing is cited. This organisation publishes no subsidiary list that this checker can reach: its own pages decline automated requests, and no filing with a securities regulator covers it in a form that could be read. The map is empty because the evidence is out of reach, not because the structure is simple, and an unverifiable claim does not belong here.
Notion
scored: Notion — B 1.35 · EVENT HORIZON
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Corporate network — selected entities; where one is itself scored in this universe, its role says so (name links to source)
| Entity | Role | Relation | Within group | Key figure / detail |
|---|
Nothing is drawn and nothing is cited. This organisation publishes no subsidiary list that this checker can reach: its own pages decline automated requests, and no filing with a securities regulator covers it in a form that could be read. The map is empty because the evidence is out of reach, not because the structure is simple, and an unverifiable claim does not belong here.
UBO watchlistBeneficial-ownership contours that do not yet meet the operational-control rule: Tesla — Musk contour (UBO): common beneficial ownership with SpaceX group (Grok, X, Cursor) — Tesla is a separate public company, not operationally controlled by SpaceX · Tether (USDT) — iFinex contour (UBO): common beneficial ownership with Bitfinex · TikTok — Split governance since 2026-01-22: US operations under an Oracle/Silver Lake/MGX-led JV (15% each, ByteDance 19.9%); global platform remains ByteDance — no single parent holds operational control across regions