What Is Alphabet and What Will Happen to Google?
Google is undergoing a major overhaul, with a new parent company called Alphabet and a new CEO taking over the search engine giant.
Co-founder Larry Page announced in a blog post on their new website abc.xyz on Monday that Alphabet, “a collection of companies”, would house his and co-founder Sergey Brin‘s diverse array of tech businesses, including Google.
Meanwhile, Google would be “slimmed down” to its main assets, with Vice President of Product Sundar Pichai at the helm.
Pichai, well-liked and experienced, has long been considered Page’s natural successor. Last year, Bloomberg Businessweek dubbed him “the most powerful man in mobile” and in May, The Verge characterized him as the “man behind Google’s most important products”.
“Sundar has been saying the things I would have said (and sometimes better!) for quite some time now,” Page wrote.
The restructure is a signal of Page and Brin’s entrepreneurial evolution, taking a wider and more visionary approach to their various projects, interests and investments beyond the search engine they started in their college dorm room. Page will serve as CEO of Alphabet with Brin as President.
“We are excited about…
- Getting more ambitious things done.
- Taking the long-term view.
- Empowering great entrepreneurs and companies to flourish.
- Investing at the scale of the opportunities and resources we see.
- Improving the transparency and oversight of what we’re doing.
- Making Google even better through greater focus.
- And hopefully… as a result of all this, improving the lives of as many people as we can,” Page wrote.
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