Google announced late Yesterday, that it is creating a new parent company called Alphabet, which will be run by its two founders, Larry Page and Sergey Brin.
No, this does not appear to be an April Fool’s joke o/
They really created a company called Alphabet, that looks exactly like the image above, all the google products may one day full-fill the whole alphabet ? no one knows, but one thing we know, The operational change may help establish Google (or Alphabet) as an alternate version of Berkshire Hathaway, the portfolio of longterm businesses and investments run by famed investor Warren Buffett.
“Our company is operating well today, but we think we can make it cleaner and more accountable,”
“So we are creating a new company, called Alphabet. I am really excited to be running Alphabet as CEO with help from my capable partner, Sergey, as President.”
In essence, this allows Google to build a more robust portfolio of businesses, each with its own dedicated CEO, under the Alphabet umbrella.
Alphabet will replace Google Inc. as the business traded on the stock market; Google, the service, will be the largest single entity owned by that parent company.