Google Announces Alphabet, Its New Parent Company

In a shocking move earlier this week, Google announced its new parent company, Alphabet. This restructuring marks a significant shift for the tech giant as it separates its core business from other subsidiaries that are no longer aligned with its main internet products and services.

Alphabet is mostly a collection of companies, with the largest being Google. The new structure will see these companies operate as separate entities, each with their own CEOs. This change is aimed at allowing each business to focus on its core areas without the distractions of other divisions. Larry Page, co-founder of Google, described this move as a way for the company to stay relevant in an ever-evolving technology landscape.

Page noted that "we've long believed that over time companies tend to get comfortable doing the same thing just making incremental changes...but in the technology industry where revolutionary ideas Drive the next big growth areas you need to be a bit uncomfortable to stay relevant." By creating separate entities, Alphabet aims to foster innovation and allow each business to take risks without affecting the overall performance of Google.

Sundar Pichai, who will become the CEO of Google, will oversee the core internet products and services. He is seen as an exciting choice for the role, with Page praising his dedication to the company. "It's clear to us and our board that it's time for Sundar to be CEO of Google," said Page. "I feel very fortunate to have someone as talented as he is to run the slightly slimmed down Google." This change will allow Pichai to focus on innovation, continuing to push boundaries in search, YouTube, Android, and other areas.

Google X, Google Ventures, Google Capital, and Google Fiber will also be part of Alphabet, each with their own CEOs. This restructuring should provide greater transparency for shareholders, as individual financials will be reported separately from the core Google business. Under the old structure, all figures were combined under one declaration, making it difficult to assess the performance of specific subsidiaries.

The change in structure may also impact the way investors perceive Google's venture arm, which has invested significant sums in startups that have failed. With Alphabet, these investments will be reported separately, providing a clearer picture of their performance and potential returns on investment.

Why did Google decide to make this move? According to Page, "Google is getting too big for its own good." As each subsidiary grew and became more complex, it became increasingly difficult for the company to focus on its core goals. By separating these businesses into separate entities, Alphabet aims to return Google to its roots as a search giant with a clear mission.

The restructuring should also bring greater efficiency and cost savings, allowing Google to concentrate on developing new products and services that drive growth. With Sundar Pichai at the helm, Google is poised for innovation, staying ahead of the curve in areas such as artificial intelligence, machine learning, and cloud computing.

The move may not have a direct impact on you and me, but it sets an exciting precedent for other companies to follow. As Page noted, "one of the fundamental rules of the internet when you start a new site and you want people to take it seriously...you really want to get the dotcom." A .com domain name extension injects credibility into your online presence, making it more trustworthy than alternative extensions.

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"WEBVTTKind: captionsLanguage: enthis episode of Android authority is brought to you by domain.com when this news dropped earlier this week the internet seemed to have lost its Collective mind why earlier this week Google announced alphabet its new parent company that will Encompass all its other brands including Google 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 a field from our main internet products contained in alphabet instead now this is Larry Page's somewhat convoluted way of saying that Google and all the companies that they bought are now split up into separate companies themselves instead of being divisions under Google they are separate companies for most part with their own CEOs that now answer to their new parent company alphabet so why do this at all simply put Google is getting too big for its own good and as each of its subsidiaries Brew the company would find itself stretched under the old structure the company would need to plan strategically as a search giant thermostat maker operating system developer internet provider but now the Slimmer Google can just focus on its core aims of providing internet products and services to people like you and me Google's co-founder Larry pagee went on to say this Sergey and I are seriously in the business of starting new things we've long believed that over time companies tend to get comfortable doing the same thing just making incremental changes but in the technology industry where revolutionary ideas Drive the next big growth areas you need to be a bit uncomfortable to stay relevant okay sounds pretty good but what does this mean for Google as we know it one of the biggest changes in alphabet is the ability to have each business have its own CEO and this is likely one of the biggest reasons behind the new structure as a division of alphabet Google is now able to run independently of the other businesses and focus purely on its end product the newer slim down version of Google will be run by Sundar pachai who steps up to become the new CEO of Google he will control all of Google's internal divisions except for YouTube which will continue to be a subdivision of Google but will be run by current CEO Susan wji by letting Pai take the Reigns of Google both paage and Brin can now take a step back and focused on the future Larry Paige said this of Sundar Pai Sergey and I have been super excited about his progress and dedication to the company and it is clear to us and our board that it is time for to be CEO of Google I feel very fortunate to have someone as talented as he is to run the slightly slim down Google and this frees up time for me to continue to scale our aspirations Google itself is also making all sorts of new products and I know Sundar will always be focused on Innovation continuing to stretch boundaries so all of Google's other companies like Google X Google Ventures Google Capital Google Fiber will now be somewhat independent have their own CEOs and all report to to the parent company alphabet if it's a bit confusing this may help the core Google businesses including search YouTube and Android becomes a Slimmer Google with other businesses like cico Nest laabs Venture Etc become part of alphabet now there's also another big reason money money money the restructuring should also mean significant changes for shareholders in the stock market alike under its old structure The Wider Google group reported all its figures together with only some Declaration of individual performance but the restructuring should also hopefully provide more transparency for example Google's Venture arm may have invested $500 million in a bold new startup only for it to fail miserably and this would have impacted the wider Google group financials as such shareholders may have questioned whether it would have been better to invest the money in developing the core Google businesses under the new structure however the company could report the Google Ventures and Google financials separately and while this may not change the shareholder opinions about the money being spent it should provide greater transparency on the performance of individual units as well as the company as a whole now although this big news won't necessarily have a direct effect on you and me it does encourage more Innovation and that is always a good thing now come on guys this one of the fundamental rules of the internet when you start a new site and you want people to take it seriously for business you really want to get the dotcom now why is that because no domain name extension tells your story with the same degree of trust as a com oret domain name.com and.net domain name extensions inject credibility into your online presence and who doesn't want more credibility you can say 15% on domain names and web hosting when you use our coupon code Android at domain.com checkout don't forget 15% off when you use our coupon code Android when you think domain names think domain.com thanks for watching Android Army love to connect with you right here on Google+ or Twitter you don't want to forget about my brothers and sister in Android we're working super hard to be your source for all things Androidthis episode of Android authority is brought to you by domain.com when this news dropped earlier this week the internet seemed to have lost its Collective mind why earlier this week Google announced alphabet its new parent company that will Encompass all its other brands including Google 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 a field from our main internet products contained in alphabet instead now this is Larry Page's somewhat convoluted way of saying that Google and all the companies that they bought are now split up into separate companies themselves instead of being divisions under Google they are separate companies for most part with their own CEOs that now answer to their new parent company alphabet so why do this at all simply put Google is getting too big for its own good and as each of its subsidiaries Brew the company would find itself stretched under the old structure the company would need to plan strategically as a search giant thermostat maker operating system developer internet provider but now the Slimmer Google can just focus on its core aims of providing internet products and services to people like you and me Google's co-founder Larry pagee went on to say this Sergey and I are seriously in the business of starting new things we've long believed that over time companies tend to get comfortable doing the same thing just making incremental changes but in the technology industry where revolutionary ideas Drive the next big growth areas you need to be a bit uncomfortable to stay relevant okay sounds pretty good but what does this mean for Google as we know it one of the biggest changes in alphabet is the ability to have each business have its own CEO and this is likely one of the biggest reasons behind the new structure as a division of alphabet Google is now able to run independently of the other businesses and focus purely on its end product the newer slim down version of Google will be run by Sundar pachai who steps up to become the new CEO of Google he will control all of Google's internal divisions except for YouTube which will continue to be a subdivision of Google but will be run by current CEO Susan wji by letting Pai take the Reigns of Google both paage and Brin can now take a step back and focused on the future Larry Paige said this of Sundar Pai Sergey and I have been super excited about his progress and dedication to the company and it is clear to us and our board that it is time for to be CEO of Google I feel very fortunate to have someone as talented as he is to run the slightly slim down Google and this frees up time for me to continue to scale our aspirations Google itself is also making all sorts of new products and I know Sundar will always be focused on Innovation continuing to stretch boundaries so all of Google's other companies like Google X Google Ventures Google Capital Google Fiber will now be somewhat independent have their own CEOs and all report to to the parent company alphabet if it's a bit confusing this may help the core Google businesses including search YouTube and Android becomes a Slimmer Google with other businesses like cico Nest laabs Venture Etc become part of alphabet now there's also another big reason money money money the restructuring should also mean significant changes for shareholders in the stock market alike under its old structure The Wider Google group reported all its figures together with only some Declaration of individual performance but the restructuring should also hopefully provide more transparency for example Google's Venture arm may have invested $500 million in a bold new startup only for it to fail miserably and this would have impacted the wider Google group financials as such shareholders may have questioned whether it would have been better to invest the money in developing the core Google businesses under the new structure however the company could report the Google Ventures and Google financials separately and while this may not change the shareholder opinions about the money being spent it should provide greater transparency on the performance of individual units as well as the company as a whole now although this big news won't necessarily have a direct effect on you and me it does encourage more Innovation and that is always a good thing now come on guys this one of the fundamental rules of the internet when you start a new site and you want people to take it seriously for business you really want to get the dotcom now why is that because no domain name extension tells your story with the same degree of trust as a com oret domain name.com and.net domain name extensions inject credibility into your online presence and who doesn't want more credibility you can say 15% on domain names and web hosting when you use our coupon code Android at domain.com checkout don't forget 15% off when you use our coupon code Android when you think domain names think domain.com thanks for watching Android Army love to connect with you right here on Google+ or Twitter you don't want to forget about my brothers and sister in Android we're working super hard to be your source for all things Android\n"