Simpler: Alphabet's success does not 'materialize' the TikTok gala. These are separate commercial events, each with its own success factors and failures. A strategic decision by TikTok is independent of Alphabet's results, even if the digital environment is favorable. If regulatory restrictions, such as those on California data protection, made the gala impossible, Alphabet's performance would not change that. Let's not complicate things with excessive causal links that do not exist.