Alphabet Inc.
 | This article has multiple issues. Please help improve it or discuss these issues on the talk page. (Learn how and when to remove these template messages)
|
 | |
| Company type | Public |
|---|---|
| Industry | |
| Predecessor | Google Inc. |
| Founded | August 10, 2015 |
| Founders | Larry Page Sergey Brin |
| Headquarters | United States |
Key people | |
| Revenue | 307,394,000,000 United States dollar (2023)  |
| 84,293,000,000 United States dollar (2023) | |
| 73,795,000,000 United States dollar (2023) | |
| Total assets | 365,264,000,000 United States dollar (2022) |
Number of employees | 190,234 (2022) |
| Subsidiaries | |
| Website | abc |
Alphabet Inc. is a company being formed by Google that will serve as a holding company and conglomerate directly owning several companies that were owned by or sprung from Google, including Google itself. The company will be based in California and be headed by Google's co-founders, Larry Page and Sergey Brin, with Page serving as CEO while Brin serves as President.[1] Alphabet's portfolio will spread through a wide spectrum of industries including technology, the life sciences, investment capital, and research. Some of its subsidiaries include Google itself, Calico, Google Ventures, Google Capital, and Google X. Sundar Pichai was named CEO of Google whereas Larry Page will head parent company Alphabet.
History
Inc., in a blog post on Google's official blog.[2] Alphabet will be created to restructure Google by moving subsidiaries from Google to Alphabet, narrowing Google's scope. The company will consist of Google Inc., Nest Labs and Calico, as well as other businesses including Google X, Google Capital and Google Ventures.[1][3][4] Sundar Pichai, current Product Chief, is to become the new CEO of Google, replacing Larry Page.[5][6]
Announcement
In his announcement, Larry Page described the newly constructed company:[2]
What is Alphabet? Alphabet is mostly a collection of companies. The largest of which, of course, is Google. This newer Google is a bit slimmed down, with the companies that are pretty far afield of our main internet products contained in Alphabet instead. [...] Fundamentally, we believe this allows us more management scale, as we can run things independently that aren’t very related.
He also explained the origin of the company name, as well:
We liked the name Alphabet because it means 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! We also like that it means alpha‑bet (Alpha is investment return above benchmark), which we strive for!
Process
To start the restructuring process, Alphabet will be created as a subsidiary directly owned by Google. The roles of these two companies – which one is the owner and which one the subsidiary – will then be reversed in a two-step switch. First, a dummy subsidiary of Alphabet will be created. Then Google will merge with that dummy subsidiary while converting Google stock to Alphabet stock. The subsidiary after the merge, no longer a dummy, will be named "Google, Inc.". Alphabet stock will continue to trade under the symbols "GOOG" and "GOOGL". Under Delaware law, a holding company reorganization such as this can be done without a vote of shareholders, and this reorganization will be.[7]
Trivia
| This section may contain information not important or relevant to the article's subject. (August 2015) |
The .xyz domain was released in 2014, and HBO created the site hooli.xyz for the parody tech company in the comedy series Silicon Valley. Alphabet's website, abc.xyz includes a hyperlink to the hooli site in a single period.[8]
References
- ^ a b Womack, Brian (August 10, 2015). "Google Creates New Company Called Alphabet, Restructures Stock". Bloomberg. Retrieved August 10, 2015.
- ^ a b Page, Larry. "G is for Google". Official Google Blog. Google Inc. Retrieved August 10, 2015.
- ^ Greenberg, Julia (August 10, 2015). "What Google, I Mean Alphabet, Looks Like Now". Wired. Condé Nast. Retrieved August 10, 2015.
- ^ "What is Alphabet, Google's new company?". Business Insider. Retrieved August 10, 2015.
- ^ Chen, Angela (August 10, 2015). "Google Creates Parent Company Called Alphabet in Restructuring". Wall Street Journal. Retrieved August 10, 2015.
- ^ Conor Dougherty (10 August 2015), Google to Reorganize in Move to Keep Its Lead as an Innovator, New York Times, retrieved 10 August 2015
- ^ "Google Inc. filing with the SEC, Form 8-K". United States Securities and Exchange Commission. August 10, 2015. Retrieved August 11, 2015.
- ^ Stephen Pulvirent (11 August 2015), "Here's the hidden joke in Google's letter announcing Alphabet", Sunday Morning Herald, retrieved 10 August 2015
External links
| Subsidiaries |
| ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| People |
| ||||||||||||||
 | This Internet-related article is a stub. You can help Wikipedia by expanding it. |