What does Google’s move mean for investors?
Okay! So Alphabet implies control over all communication and the future of business growth.
Before that, he was senior vice president for Google Android, Chrome and Apps. “Most real-world names are taken”.
For Sergey and me this is a very exciting new chapter in the life of Google – the birth of Alphabet.
However, the new chief executive of Google Inc is anything but unknown in the Silicon Valley.
They’ll also be working on the Internet of Things, the self-driving auto, and Gigabit Internet to the home.
Google is undoubtedly the market leader in various businesses. “I guess now Google ends Alphabet with xyz, too”.
Alphabet will replace Google as the publicly-traded entity and all shares will be transferred automatically. But the two classes of shares will continue to trade on Nasdaq as GOOGL and GOOG.
While announcing Sunder Pichai as the CEO or the slimmed down company he went on to add that the IITian will be a “key part” of the new structure that will “allow us to keep tremendous focus on the extraordinary opportunities we have inside Google”. Page said it was because it represents language, “the core of how we index with Google search“. Through extensions to Google Cloud Platform researchers can apply the same technologies that power Google search to securely store, process, explore and share genomic data. Did Google acquire YouTube in 2006 or did Alphabet? All of the formal details regarding the transition from Google to Alphabet have been released in the company’s SEC filing. And the same is expected from Alphabet. (In the case of Alphabet, abc.com routes to the television network site and alphabet.com leads to info about a car-leasing management group.).
Google’s planned structure resembles the way companies like Berkshire Hathaway and General Electric are organized, with a central unit handling corporate-wide activities such as finance and relatively independent business units focused on specific areas.
The reorganization also comes at a time when Google is facing regulatory and legal issues, such as an antitrust battle in Europe.
In a common man’s life Google is indirectly associated with learning. Antitrust hearings in Europe that at first glance appear like a witch hunt against Google but could very turn ugly for the search and advertising business.
Yes, between the two of them they created the canonical Internet company and became billionaires.
Nikolas Contis, global director of naming and branding firm Siegel + Gale, said Alphabet ranks up there with Apple and Amazon and more recently, Uber.
As of today, there’s nowhere left for him to rise at Google.
Quite obviously, with multiple ventures being launched an array of offerings is expected from Alphabet and Google.
If you are asking yourself ‘what about Google?’ the company is getting reorganized top to bottom. “Maybe it’s better to sort them out a bit and make it clearer which ones are bringing in the bacon and which ones are science projects and which ones are long-term bets”.