Google to be taken over by Alphabet - its own new parent company!

Google recently announced its new operating structure about its new parent company called Alphabet!

Alphabet will be run by its two founders, Larry Page and Sergey Brin.

Alphabet will replace Google Inc.

Larry Page says: 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. What do we mean by far afield? Good examples are our health efforts: Life Sciences (that works on the glucose-sensing contact lens), and Calico (focused on longevity). Fundamentally, we believe this allows us more management scale, as we can run things independently that aren’t very related.

Alphabet's Homepage: www.abc.xyz