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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: 2) by tibman on Tuesday August 11 2015, @01:27PM

    by tibman (134) Subscriber Badge on Tuesday August 11 2015, @01:27PM (#221245)

    Google has been pretty aggressive with killing off services that didn't become popular enough. Not saying you are wrong. But google doesn't let things die off naturally.

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  • (Score: 2) by Non Sequor on Tuesday August 11 2015, @04:39PM

    by Non Sequor (1005) on Tuesday August 11 2015, @04:39PM (#221315) Journal

    Most of the things they've killed off have been fairly practical iterative extensions of their existing infrastructure.

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