American multinational conglomerate headquartered in Mountain View, California. Alphabet’s portfolio encompasses several industries, including technology, life sciences, investment capital, and research. The establishment of Alphabet was prompted by a desire to make the core Google Internet services business “cleaner and more accountable” while allowing greater autonomy to group companies that operate in businesses other than Alphabet listed by number services. On August 10, 2015, Google Inc.
Google CEO Larry Page made this announcement in a blog post on Google’s official blog. Alphabet would be created to restructure Google by moving subsidiaries from Google to Alphabet, narrowing Google’s scope. 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. 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! Page says the motivation behind the reorganization is to make Google “cleaner and more accountable. He also said he wanted to improve “the transparency and oversight of what we’re doing,” and to allow greater control of unrelated companies. On February 1, 2016, Alphabet Inc.
Apple to become the world’s most valuable publicly traded company until February 3, 2016, when Apple surged back over Alphabet to retake the position. Experts cited Apple’s lack of innovation as well as increasing Chinese competition as reasons for the poor performance. Alphabet has chosen the domain abc. It does not own the domain alphabet. The website features an Easter egg in the paragraph where Larry Page writes, “Sergey and I are seriously in the business of starting new things. Alphabet will also include our X lab, which incubates new efforts like Wing, our drone delivery effort. We are also stoked about growing our investment arms, Ventures and Capital, as part of this new structure.
While many companies or divisions formerly a part of Google became subsidiaries of Alphabet, Google remains the umbrella company for Alphabet’s Internet-related businesses. Eric Schmidt said at an Internet Association event that there may eventually be more than 26 Alphabet subsidiaries. He also said that he was currently meeting with the CEOs of the current and proposed Alphabet subsidiaries. He said, “You’ll see a lot coming. First, a dummy subsidiary of Alphabet was created. Then Google merged with that dummy subsidiary while converting Google stock to Alphabet stock. The restructuring process was completed on October 2, 2015.