Anna Francis says, “Yesterday Google announced that it was going to be completely restructured and sit as a subsidiary of its new parent company, Alphabet.

Many of Google’s side businesses will now be housed under Alphabet, and as part of the shuffle Sundar Pichai has now been named as CEO of Google, and Larry Page and Sergey Brin will now serve as the CEO and President of Alphabet, respectively.

Google’s reason behind the restructuring is that the company had become too diverse, and for the individual business to flourish successfully it would be better to split them up under a new parent company.

While Google will retain its best known businesses, including Chrome, Maps, YouTube, and Android, some of its newer entities, such as Nest and Calico, will be run under Alphabet“.

What is Google’s new company Alphabet and what does it mean for you?

‘Econsultancy’ Blog

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