ALPHABET

GOOGLE'S NEW PARENT COMPANY: ALPHABET

(Mayank)

It is official , Google has morphed into a company called Alphabet, which is basically a parent  corporate company that houses subsidiaries like Google, Nest Labs, Google X, Calico, Google Ventures, Google Capital, Google Life Sciences. The structural improvements are intended to shed all of its research projects from core Google company.

Alphabet will be run by Google co-founder Larry Page and each of its businesses will have its own chief executive. Google will be having the same number of shares of Alphabet of which shares of  Class C Capital Stock and shares of Alphabet Class A Common Stock will continue to be traded under the same ticker symbols under GOOG and GOOGL.

Investors are glad with this move for it would give them a greater visibility into financial performance of Google’s core business which was Larry’s aim in the first place.