Google opened up a can of alphabet soup on Monday when it announced that the company will be completely restructured and renamed. Google is now a wholly-owned subsidiary of Alphabet, the new company that will house all of Google’s side businesses. As such, Sundar Pichai is now the CEO of Google, and Larry Page and Sergey Brin will serve as CEO and President of Alphabet, respectively
The reason for this as shown by the company is that the vast domains in which the company deals currently. The new Company which would be Alphabet as of now will have Google as the largest of all. The search Engine giant with it's new name and identity will be soon expected to be diversifying all of its subsidiaries according to this domain of expertise and may be based on the region of operations.
In response to the question, “What is Alphabet?” Page responded in a blog post that “Alphabet 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.” Page also said that the new divisions should make the company “cleaner and more accountable.”
Alphabet’s companies will include the following companies, but is not limited to those listed, based on an SEC filing:
Google Inc.
Calico
Google Ventures
Google Capital
Google X
Nest
Fiber
The company Google, which will be run by Pichai, will include search, ads, maps, apps, YouTube, and Android, as well as the basic infrastructure of those programs. Seeing as the bulk of Google’s revenue comes from these sources, it seems as though Pichai is in charge of the most vital and powerful part of the Alphabet.
Google new name |
Google to be Restructured |
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