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Google Becomes Alphabet, Spins Off Google

posted by takyon on Monday August 10 2015, @10:35PM   Printer-friendly
from the abc-wtf dept.

FrogBlast writes:

Google is now a wholly owned subsidiary of a new company called "Alphabet", to be run by Larry Page and Sergei Brin. Sundar Pichai will be CEO of Google, which will remain focused on its core of web-related products. Alphabet will serve as and umbrella for Google's now quite diverse projects, with a separate CEO for each. By way of example, the announcement cites a Life Sciences group, and a group called Calico which is focused on longevity.

All stock in Google will be converted to Alphabet stock, with the same rights and number of shares.

The announcement.

takyon: The Register, The New York Times, Wired, MarketWatch.

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  • (Score: 3, Interesting) by Gravis on Monday August 10 2015, @11:16PM

    by Gravis (4596) on Monday August 10 2015, @11:16PM (#220969)

    i know plenty of people dislike google in the name of anonymity but for all they have done they actually have been a non-evil company. what worries me is if this Alphabet which has a new CEO will adopt the same approach or is going to go full Evil Corp [googleusercontent.com] on everyone.

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  • (Score: 2) by takyon on Monday August 10 2015, @11:42PM

    by takyon (881) <takyonNO@SPAMsoylentnews.org> on Monday August 10 2015, @11:42PM (#220982) Journal

    Google has the new CEO, not Alphabet. Probably doesn't change your point, although I guess Larry and Sergei still have veto powers over all decisions if they felt like it.

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  • (Score: 3, Insightful) by Hartree on Tuesday August 11 2015, @12:59AM

    by Hartree (195) on Tuesday August 11 2015, @12:59AM (#221014)

    But, we no longer refer to it as being "evil". We just refer to it as being true to the ideals of our guiding philosphers Genghis Khan and Niccolo Machiavelli.

  • (Score: 0) by Anonymous Coward on Tuesday August 11 2015, @01:52AM

    by Anonymous Coward on Tuesday August 11 2015, @01:52AM (#221042)

    Maybe they chose "Alphabet" b/c this name [amazon.com] was already taken.