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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.
You are a fluke of the universe; you have no right to be here.
(Score: 2) by Non Sequor on Tuesday August 11 2015, @04:39PM
Most of the things they've killed off have been fairly practical iterative extensions of their existing infrastructure.
Write your congressman. Tell him he sucks.