Alphabet Inc. is a newly formed company founded by Larry Page and
Sergey Brin. It is basically a parent company of Google Inc. It will own all the projects currently running under Google including Google itself.
On his blog post, Larry described Alphabet as a collection of companies.
The largest of one is Google.
COMPANY STRUCTURE
10 FACTS ABOUT ALPHABET
Alphabet Inc. is a holding company founded by Larry Page & Sergey
Brin having its headquarters at California. Larry page is the CEO of Alphabet with Sergey Brin as President, Eric Schmidt as Chairman and Ruth Porat as the CFO.
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Alphabet’s website will be abc.xyz as Alphabet.com has been taken by
fleet management division of BMW. Alphabet’s portfolio will include industries like Internet, Computer Software, Telecommunications Equipment, Healthcare & Biotechnology. Alphabet’s stock will continue to trade under symbols “Goog” and “Googl”. The new CEO of the former company Google will be Sundar Pichai, a metallurgical student from IIT Kharagpur. He will acquire this position once the restructuring process of Alphabet Inc. is complete. To complete the restructuring process, first Alphabet will be included as Google’s subsidiary and then role of the two companies will be reversed by merging Google with dummy subsidiary of Alphabet Inc. Subsidiary companies of Alphabet include Google: - A tech company specializing in Internet-related services and products. Google X: - A semi-secret facility run by Google dedicated in making major technical advancements. Its projects incudes Project Self-Driving Car, Project Glass etc. Google Fiber: - It provides fiber-to-the-premise service in the United States, providing broadband internet and cable television to a small and slowly increasing number of locations. Google Ventures: - It will be the corporate venture capital investment arm of Alphabet Inc. and provides seed, venture, and growth stage funding to tech companies. Google Capital: - Google Capital is the late-stage growth venture capital fund financed by Google. Calico – Calico is an independent research and development biotech company established in 2013 by Google Inc. and Arthur D. Levinson with the goal of combating aging and associated diseases. Nest Labs – Nest Labs is a home automation producer of programmable, self-learning, sensor-driven, Wi-Fi-enabled thermostats, smoke detectors, and other security systems. Google Inc. will be the largest subsidiary of Alphabet Inc. Google will continue to focus on Internet Products and will have Android, YouTube, Search & ads as its part.
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The name Alphabet was chosen because it is 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.