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Google is now owned by a New Company Alphabet

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Google is now owned by Alphabet Company

Google is now owned by Alphabet Company. Google has another guardian organization, Alphabet. Alongside the new name, some of Google’s organizations are dividing from to turn into their own particular separate organizations under Alphabet. Google’s center Internet business will stay Google. Be that as it may, some of its crazier endeavors will now exist all alone under Alphabet. Here’s the way it separates, as per Google’s recording with the US Securities and Exchange Commission.

Larry Page, Google co-founder and CEO.

The CEO of Google and co-founder of Google Larry Page.

To read the letter from Larry Page Visit Alphabet .

Google co-founder Larry Page said in a blog post this afternoon that :

“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.”

Google is now owned by a New Company Alphabet

At the end of the day, Google will keep on running web driven administrations, for example, Google Maps, YouTube, Chrome, and Android. However, “moonshot” activities, for example, the X Lab and the Calico life augmentation undertaking will work as to some degree separate elements.

Page said:

“In general, our model is to have a strong CEO who runs each business, with Sergey and me in service to them as needed. We will rigorously handle capital allocation and work to make sure each business is executing well. We’ll also make sure we have a great CEO for each business, and we’ll determine their compensation”

Page will serve as CEO of Alphabet, while Google fellow benefactor Sergey Brin will serve as president. Long-lasting Page lieutenant Sundar Pichai will assume control as Google CEO.

As per Page’s post, Alphabet will in the end report the income of Google separate from the other spinoff organizations. As per the organization’s SEC documenting, Alphabet will in the long run supplant Google as the traded on an open market organization on the Nasdaq stock trade, and all shares of Google will change over to shares of Alphabet. Organization shares will keep on exchanging on the Nasdaq under the same GOOGL and GOOG ticker images.

Businesses that will stay a part of Google:

  • Search
  • Advertising
  • Maps
  • Apps
  • YouTube
  • Android