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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.
takyon: The Register, The New York Times, Wired, MarketWatch.
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Google Becomes Alphabet, Spins Off Google
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The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
Insanity is considered a ground for divorce, though by the very same
token it is the shortest detour to marriage.
-- Wilson Mizner
(Score: 2) by mendax on Tuesday August 11 2015, @12:40AM
But I guess the joke is on us, or will be on the Google founders when their enterprise is folded back into Google and their new CEO gets the golden parachute.
It's really quite a simple choice: Life, Death, or Los Angeles.