A New Company Called Alphabet Now Owns Google; Sundar Pichai Becomes New CEO
Aug 11, 2015
Well, this was a very unexpected move by Google. Google Co-Founder Larry Page announced a restructuring of the whole company, revealing the creation of the umbrella " Alphabet " corporation. But, don't worry… Google isn't dead! Rather, Google will become part of Alphabet. Why Google Rebrands As 'Alphabet' Over time, Google, the Mountain View company has become a lot more than just a Search Engine. Google created and acquired a large number of other popular Internet services, including Android, YouTube and Gmail, that makes too much difficult for a single company to manage all of them effectively. According to Google Founders, it's time, when different projects require different leaders, different company cultures, and different types of resources. " Our model is to have a strong CEO, who runs each business, with Sergey and me in service to them as needed ," Page wrote . So the founders decided to create an all new parental brand that ...