Recently, in a blog post dated August 10, 2015, Google made an announcement, explaining that the company would be reorganizing into a new company called Alphabet, which will be a sort of holding company for other, smaller, companies.
Google, of course, will be the largest of the companies run by Alphabet, albeit it was said that Google will be “slimmed down”, with companies that are not related to Google’s main search product being put under Alphabet, instead. Examples of this would be Google’s health research and products, such as Calico, which is focused on longevity and not search. Other companies include Google’s X Lab, Google Ventures, and YouTube, among others.
Alphabet will be run by Google founders Larry Page and Sergey Brin, as the CEO and President, respectively. Each company under the Alphabet umbrella will also have their own CEO, with Sundar Pichai being chosen as Google’s new CEO.
Additionally, Alphabet Inc. will replace Google Inc. as the publicly traded entity, with all shares of Google being automatically converted into Alphabet Inc. shares, with all of the same rights. Despite the reorganization, Google’s two share classes will still be traded on NASDAQ as GOOGL and GOOG.
While this is an interesting change, I don’t think we’ll have to worry about seeing any major changes in the Google services that we use, and they way they work or are offered to customers. It will be interesting to see what happens in the future, and what companies Alphabet will be able to grow and what they will be able to do with these companies.
What do you think about the reorganization of Google into a the new company, Alphabet Inc.? Please feel free to post your comments and questions in the “Comments” section below!