Alphabet now owns Google

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Google Co-Founder Larry Page announced a restructuring of the whole company, revealing the creation of the umbrella “Alphabet” corporation.

Why Google Rebrands As ‘Alphabet’
Over time, Google, the Mountain View company has become a lot more than just a Search Engine.
Google created and acquired a large number of other popular Internet services, including Android, YouTube and Gmail, that makes too much difficult for a single company to manage all of them effectively.

According to Google Founders, it’s time, when different projects require different leaders, different company cultures, and different types of resources.

As a part of the new structure, Alphabet will manage Google and all of its other products, including:
>Google
>Calico, an anti-aging biotech Research Division
>Nest, Google’s Smart-Home project
>Sidewalk, a company, focused on Smart Cities
>Fiber, Company for High-speed Internet services
>Investment arms, such as Google Capital and Google Ventures
>R&D unit, such as Google X, developing Self-driving cars and Drones.

Google’s senior vice president Sundar Pichai (Pichai Sundararajan), currently senior vice president of products, will be the new CEO of the Search Engine.

Google is now a more coherent company than it was previous. Google will now include the company’s core businesses, including:
>Search Engine
>Advertising, Adwords, and Adsense
>Google Maps
>YouTube, the Video Service
>Android, Mobile operating system
>Chrome operating system
>Related technical infrastructure.
And the current CEO Larry Page will become Alphabet’s CEO. Co-founder Sergey Brin will be its president, and Eric Schmidt will be the executive chairman of Alphabet.

Source: The Hacker News

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