Alphabet Inc. is the parent company of Google and several former Google subsidiaries. It was created through a restructuring of Google on October 2, 2015. The name Alphabet means the collection of the company’s Internet-related businesses. It is the world’s fourth-largest technology company by revenue.
About Alphabet Inc. in brief
Alphabet Inc. is the parent company of Google and several former Google subsidiaries. It was created through a restructuring of Google on October 2, 2015. The two co-founders of Google remained as controlling shareholders, board members, and employees at Alphabet. On December 3, 2019, Page and Brin jointly announced that they would step down from their respective roles, remaining as employees and still the majority vote on the board of directors. Sundar Pichai, the CEO of Google, is to assume the CEO role at Alphabet while retaining the same at Google. The company would consist of Google as well as other businesses including X Development, Calico, Nest, Verily, Fiber, Makani, CapitalG, and GV. The inspiration for this structure came from Warren Buffett and his management structure of Berkshire Hathaway a decade ago. Google will be re-organized as a limited liability company, Google LLC, in 2019. Eric Schmidt said at an Internet Association event in 2015 that there may be more than 26 Alphabet subsidiaries.
He also said that he was meeting with the CEOs of the current and proposed subsidiaries to see what they wanted to do with the company. In June 2018, Nest Labs was merged with Google Cloud and Chronicle, which was merged into Google in June 2019. The name Alphabet means the collection of the company’s Internet-related businesses. These include widely used products and services such as the Android mobile operating system, YouTube, and Google Search, which remain direct components of the Alphabet company. The former Google Cloud division was merged in June 2018 with GoogleCloud and Chronicle to become Google Cloud. The new Google Cloud will remain direct component of the Google company, which remains direct part of Google. It will be called Google Cloud, which will be part of the new Alphabet company in 2019, and will remain a direct division of Google until the end of the decade. It is the world’s fourth-largest technology company by revenue and one of the most valuable companies in the world.
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This page is based on the article Alphabet Inc. published in Wikipedia (as of Jan. 04, 2021) and was automatically summarized using artificial intelligence.
