This will be the name now trading on the stock market, and Google will remain its biggest entity under the Alphabet umbrella. Larry Page will head up the new parent company as CEO with other co-founder of Google, Sergey Brin being President. Top deputy at Google, Sundar Pichai, will be the new CEO of Google.
According to Mashable, the company can now expand its business portfolios and extend its capabilities, which already involve divisions like Google X and Nest. Google basically has become much more than just a search engine, and the move to Alphabet seems to illustrate that.
When Alphabet was announced, Google's stock went up 5% in just a few hours, seems like its investors like the way Google, or should we say Alphabet, is thinking.
Of course, people took to Twitter to share their thoughts, too...
Makes sense... after all it's the biz of a conglomerate #alphabet "Why Google becoming Alphabet is a really big deal" http://t.co/Gd07nj7VrY
- Gkoe (@garykoe) August 11, 2015Controlling everything from A to Z #branding #Alphabet
- Paul Maxin (@PaulMaxin) August 11, 2015Alphabet now creates an incentive for any startup to walk in and say, "Yes, it's actually A-OK that we're focused on these 17 things." :)
- Zal Bilimoria (@zalzally) August 11, 2015Google's new name "Alphabet" stinks of desperation. @Sales_Source http://t.co/oEpUKz1OUI
- Inc. (@Inc) August 11, 2015'Not a conventional company': Google CEO Larry Page outlines Alphabet's structure http://t.co/ivBYjaioy3 pic.twitter.com/2Um0EztwCE
- Wall Street Journal (@WSJ) August 11, 2015
