As The Trashmen would say, “A well-a Google Google Google, Google’s the word”. Coz it’s made out of Alphabet (Inc.). Big new today surrounding the restructuring of Google. Google has a corporate boss and its name, Alphabet Inc. The news headlines have gone flashing across social media of the change out of the blue.
As of now, the only thing known for certain is that Google will be owned by a parent company called Alphabet Inc. Larry Page and Sergey Brin, the co-founders of Google will serve as the CEO and President, respectively. Google will now be headed by Sundar Pichai, the former head of Android. The rationale for the move is to provide some level of independence to the other branches, formerly under google, like the health sciences lab called Calico, the research arm X-labs, Nest, Fiber, Ventures, Capital, Sidewalk, Wing, etc. Each of these will become a separate company under the Alphabet umbrella.
Each company will have it’s own CEO and Page and Brin will head Alphabet. Google will include search, ads, YouTube, apps, maps and the technical infrastructure. Google stock will now become Alphabet stock. And as for the name, Larry Page has this to say,
We liked the name Alphabet because it means a collection of letters that represent language, one of humanity’s most important innovations, and is the core of how we index with Google search! We also like that it means alpha‑bet (Alpha is investment return above benchmark), which we strive for!
And what’s more, their web-page, is abc.xyz :o.
Read the complete statement by Larry Page, here.