The group’s main moneymaking activity-which last year produced 89% of its $66 billion in revenues-will be overseen by Sundar Pichai, a well-liked veteran Googler.
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By “pretty far afield” he was referring to Google’s more experimental products like a glucose-sensing contact lens, a driverless vehicle, and, oh yeah, a cure for aging. Pichai was named Google’s product chief in 2014, where he brought services like Maps and Google+.
“I guess that’s the message that Google wanted to get across: that Alphabet is the Internet business of the future”.
Analysts are looking into the clear connection between these companies. Page will serve as the CEO, Brin will become President, while Google’s executive-turned-CEO, Sundar Pichai will be entrusted with running the company’s search engine, YouTube video services, as well as online advertising operations. But these are only some of the risky bets placed by the company. The internet giant announced Monday, August 10th, a major overhaul of its structure and a new name for a mother company under which it will from now on operate. All shares of Google will be converted into the same Alphabet shares. This reorganization will change that, giving the company(s) more room to grow, and more independence from each other as well.
That can be tricky to understand but basically, rather than Google being the head of various smaller companies, each of those companies will now be their own entity under Alphabet.
In line with this reform, Page indicated that he desires to bestow more power to CEOs of all the companies that will be part of the Alphabet.
A first-generation immigrant rising to the top of the leading global technology company Google is testament to the equal opportunity existing in the United States.
Levie said it still remains to be seen how this all plays out, but he believes it’ll let the Google cofounders spend more freely on other non-core businesses. A branding expert said that the Alphabet brand only showed Google’s transition from a playful brand into a mature and grown up branding. Investors will not be very happy if the returns earned by Google Inc. are utilized for the funding side projects.
“If the stock continues to climb as it has”, Jackson said, “then by the time Alphabet reports its earnings in Q4, it could live up to its tongue-in-cheek name in a big way”.
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2004: A number of months after introducing Gmail, Google holds its first public inventory providing.
