Why aren't we using two fragment constructor to create a new instance and instead using a static method?

Question

I see that on google's example for creating a new fragment is through a static method called newInstance. But why aren't we using two constructors to achieve the same thing as below?

ie.

public class MyFragment extends Fragment {
    public MyFragment() {
    }

    public MyFragment(String name) {
        Bundle bundle = new Bundle();
        bundle.putString(BUNDLE_KEY_NAME, name);
        setArguments(bundle);
    }
}

public class MyFragment extends Fragment {
    public MyFragment() {
    }

    public static MyFragment newInstance(String name) {
        MyFragment myFragment = new MyFragment();
        Bundle bundle = new Bundle();
        bundle.putString(BUNDLE_KEY_NAME, name);
        myFragment.setArguments(bundle);
        return myFragment;
    }
}