Google stunned the tech world earlier this week when it announced the launch of Alphabet, a parent corporation designed to allow the continuation of what CEO Larry Page calls "smaller bets" for better innovation.
Google, the Internet giant, is turning into Alphabet. On Monday, August 10, co-founder and CEO Larry Page announced that Google will be split from its many other ventures, like the awesome self-driving car. All of these ventures, as well as Google itself, will become subsidiaries of a new company called Alphabet. Show More Summary
Yesterday, former Google Inc. (NASDAQ: GOOG, GOOGL) Chief Executive Officer and new Alphabet CEO Larry Page announced in a press release that Google is restructuring itself by creating a new parent holding company, which he will lead. Show More Summary
In a move that has surprised, well, pretty much everyone, internet search giant Google has announced they’re starting a new company. Sort of. Former Google CEO Larry Page announced in a blog post on Monday that Google is creating a new parent company to be called ‘Alphabet’.
Investors have been after Google CEO Larry Page for years to cut back on the pie-in-the-sky bets that many see as a costly distraction to the company's highly profitable core search and Internet advertising businesses.
Google's founders just hit a massive reset button on their business. In a press release sent out Monday afternoon, cofounder and CEO Larry Page renamed and reorganized the company. Google has been turned into a subsidiary of a bigger company called Alphabet. Show More Summary
Today Google, the company, is smaller while the Google universe seems to be expanding with the announcement by CEO Larry Page of a new umbrella company, called Alphabet, which will include a stripped down Google focused on search and...Show More Summary
On August 10, CEO Larry Page announced a restructuring of Google's stock -- its core business (Search, Advertising, Maps, YouTube, and Android) will be called Google and the rest of it -- Google Ventures, Google Capital, Google X, Life Sciences (that works on the glucose-sensing contact lens), and Calico (focused on longevity), Google [...]
Google just announced a big restructuring of its business, and now the stock is rallying. Shares of Google were up nearly 7% in after-hours trade on Monday after the company announced that CEO Larry Page will take the reins of a new publicly traded company called Alphabet, which counts Google — among other companies — as a subsidiary. Show More Summary
Here's the full text of the letter from Google CEO Larry Page announcing his company's restructuring.
Google’s senior vice president Sundar Pichai is becoming CEO of the search giant as the company restructures. Current CEO Larry Page announced the following in a statement: A key part of this is Sundar Pichai. Sundar has been saying the things I would have said (and sometimes better!) for quite some time now, and I’ve been tremendously […]
So Google is now part of Alphabet, a new holding company that will manage Google and all of its other products. Why is the new company called Alphabet? Google/Alphabet CEO Larry Page says it’s because Alphabet 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!” But… Read More
Here's the full text of Google CEO Larry Page's letter about Alphabet and the new corporate structure.
Google, probably one of the most well-known brand names in all the world, has decided to change things up today, with an announcement from CEO Larry Page that the company is going to be reorganized under the umbrella of a bigger corporation known as “Alphabet.” The announcement was posted on the Official Google Blog this afternoon by Page, and … [More]
Sundar Pichai, now Google CEO, will focus on the core business while Google X and other far-flung efforts get split off In what is surely one of the most startling corporate blog posts ever published, Google CEO Larry Page has announced that the company is creating a new holding company, Alphabet, Inc. Show More Summary
Google will become a subsidiary of a newly-created parent company, called Alphabet, Inc., Google CEO Larry Page announced in a blog post Monday. "Our company is operating well today, but we think we can make it cleaner and more accountable," Page wrote. Show More Summary
SAN FRANCISCO (AP) — After years of big spending on risky projects that CEO Larry Page proudly hails as "moonshots," Google may be launching into a new orbit of financial discipline. Excluding stock compensation expense and several other...Show More Summary
SAN FRANCISCO (AP) — After years of big spending on risky projects that CEO Larry Page proudly hails as "moonshots," Google may be launching into a new orbit of financial discipline. Investor hopes for a more austere Google are largely tied to the arrival of a new chief financial officer, Ruth Porat. Show More Summary
Google CEO Larry Page has a new role model: Berkshire Hathaway's Warren Buffett. Page is apparently taking inspiration from Buffett as he looks for the best techniques to manage a 55,000-person Internet company which is adjusting to a period of slower revenue growth and increased cost controls, according to a report in the Wall Street Journal. Show More Summary
When Glassdoor named the 50 highest-rated CEOs of 2015 in early June, we noticed something lacking from the list: women. Google CEO Larry Page topped the list, with an approval rating of 97 percent out of 100. Other Bay Area execs like Mark Zuckerberg of Facebook, Tim Cook of Apple and Jeff Weiner of LinkedIn