Bits Blog: Google Remakes Itself as Alphabet

1In a major reinvention of one of the world's most influential technology companies, Google announced Monday evening that it is reorganizing itself in the Berkshire Hathaway model.
2The new company, essentially a holding company, will be called Alphabet, and it will be run by Google co-founders Larry Page and Sergey Brin.
3As for the company we have come to think of as Google, the one with the search engine, maps, the Android operating system and YouTube, that will still be called Google - so people will not need to find a new word when they search for information on the Internet.
4Google will be run by Sundar Pichai, who has been has been Google's senior vice president in charge of products.
5In a blog post, Mr. Page said they picked the name Alphabet because it "means a collection of letters that represent language, one of humanity's most important innovations, and is the core of how we index with Google search!"
6It will include companies "that are pretty far afield" from the main Internet products, like Calico, the life sciences effort; the Google Capital and Google Ventures investment arms, and Google X, the company's big-thinking lab that's working on things like self-driving cars and drones.
7Shares of Alphabet - to keep things simple or to make them more confusing, depending on your viewpoint - will still trade under the letters GOOG and GOOGL.
8The rethinking of the Mountain View, Calif. company acknowledges what many big tech companies are today - a collection of products and services, some wildly profitable, some not, gathered under one roof.
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