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Google Becomes Alphabet, Spins Off Google

posted by takyon on Monday August 10 2015, @10:35PM   
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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Original Submission

• Re:Future sight activating Re:Future sight activating (Score: 2) by halcyon1234 on Tuesday August 11 2015, @12:21AM

  by halcyon1234 (1082) on Tuesday August 11 2015, @12:21AM (#220998)

  Unfortunate the damage had been done. The phrase "catch the Alphabet" is forever burned into the culture's consciousness. Literacy rates plummet. The Idiocracy commences, under full control of the consumer corporations. :/

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  Original Submission [thedailywtf.com]

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• Re:Future sight activating (Score: 2) by FatPhil on Tuesday August 11 2015, @07:03AM

  by FatPhil (863) <reversethis-{if.fdsa} {ta} {tnelyos-cp}> on Tuesday August 11 2015, @07:03AM (#221143) Homepage

  Or in simple terms: the third millennium just continues normally.

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  Great minds discuss ideas; average minds discuss events; small minds discuss people; the smallest discuss themselves

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