Google co-founders Larry Page and Sergey Brin will be the bosses of Alphabet. Larry Page is taking the role of CEO and Sergey Brin is taking the role of president, while Eric Schmidt will become the executive chairman of Alphabet. The company also announces that Sundar Pichai is taking over the CEO position of Google Inc. You probably already know Sundar Pichai. He started in Google back in 2004, he’s the senior vice president of product, and you might have seen him giving the keynote at Google I/O 2015. Alphabet will collect all Google’s companies under one name. The biggest company under Alphabet is, of course, Google, which will continue its focus on internet services, such as search, ads, YouTube, Chrome, Android, Google Maps, and apps. Then we have the other Google divisions that will become Alphabet subsidiaries, including Google X lab, which focus on driverless cars, Google Glass, and drone delivery. There is also Calico (increasing longevity), Life Science (Google contact lenses), and the robotics division, Sidewalk, Nest, and Fiber.
In addition, Google Capital and Google Ventures will become smaller companies own by Alphabet. On the public announcement made by the company, Larry Page stated: According to the company, the new restructuring will help its subsidiaries to be more independent. Each company under Alphabet will be able to explore and expand independently without affecting other parts of the company or investors. Page also explains why they have chosen the name “Alphabet”: Finally, Google stock will become Alphabet stock, but the company will continue to trade under the GOOGL and GOOG ticker symbols; the new change will occur later in the year. No surprising, Alphabet also has a website (abc.xyz), which include the announcement and a hidden link to the Hooli.xyz website for the HBO TV show Silicon Valley. Source Google via CNN Money All content on this site is provided with no warranties, express or implied. Use any information at your own risk. Always backup of your device and files before making any changes. Privacy policy info.
