Something BIG happened on August 10, 2015, when Google announced that it was restructuring how the company is organized. This gave birth to Alphabet, Inc.
Alphabet, Inc. is a holding company that will be the umbrella over several companies previously owned or tied to Google. Even Google itself was announced to be a subsidiary of Alphabet. Larry Page will be the CEO of Alphabet and Sergey Brin, the president. This newer version of Google will hold those companies/services accountable that are closely related to Internet and technology. Sundar Pichai will be the CEO of this new slimmed down Google.
Previously it was like Google, Inc. was conglomerate or umbrella behind Calico, Google Fiber, Google X, Google Capital, Google Ventures and many other companies acquired or given birth to. But after Alphabet, Inc. was announced, all shares of Google, Inc. are supposed to be converted to Alphabet, Inc. under Google ticker symbols of “GOOG” and “GOOGL“.
Aphabet is mostly a collection of companies. The largest of which, of course, is Google. This newer Google is a bit slimmed down, with the companies that are pretty far afield of our main internet products contained in Alphabet instead. […] Fundamentally, we believe this allows us more management scale, as we can run things independently that aren’t very related. — Excerpt from an official blog post
A funny fact: Right after abc.xyz domain was released, which is the official website address of Alphabet, Inc. abc.wtf was revealed, which redirected to Bing search engine. Microsoft trolling Google 😛
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