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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.
Cum tacent, clamant. When they are silent, they shout. -Cicero
(Score: 2) by MichaelDavidCrawford on Tuesday August 11 2015, @01:06AM
... Google should have spun off lots of companies by now, each with a very few of Google's products or services, maybe just one of them, with Google holding a minority stake in most of them.
It's not like Ann Winblad wouldn't picj up were Larry or Sergey to drop her a dime.
I have interviewed with Google six times. While I would love to work there its corporate culture is bad feng shui for many kinds of shops: rather than all you can eat sushi, some software is better when the coders use cardboard boxes for desks.
Yes I Have No Bananas. [gofundme.com]