Alphabet Inc. is an American multinational conglomerate headquartered in Mountain View, California. It was created through Google's corporate restructuring on October 2, 2015 and became Google's parent company and several former Google subsidiaries. Two Google founders took on executive roles in the new company, with Larry Page serving as CEO and Sergey Brin as President. It has 80,110 employees (as per December 2017).
The Alphabet portfolio covers several industries, including technology, life sciences, investment capital, and research. Some of its subsidiaries include Google, Calico, Chronicle, GV, CapitalG, Verily, Waymo, X, and Google Fiber. Some Alphabet subsidiaries have changed their name since leaving Google and become part of the new parent company - Google Ventures becomes GV, Google Life Sciences becomes Verily and Google X becomes just X. After restructuring, Page becomes CEO Alphabet and Sundar Pichai takes his position as CEO Google. Google stock shares have been converted into Alphabet shares, which are traded under the ticker symbol Google "GOOG" and "GOOGL".
Alphabet formation is driven by the desire to make Google's core Internet service business "cleaner and more responsible" while allowing greater autonomy for group companies operating in businesses other than Internet services.
Video Alphabet Inc.
Histori
On August 10, 2015, Google Inc. announced plans to create a new parent company, Alphabet Inc. Google CEO Larry Page made this announcement in a blog post on Google's official blog. Alphabet will be created to restructure Google by moving a subsidiary from Google to Alphabet, narrowing the scope of Google. The company will consist of Google as well as other businesses including X, CapitalG, and GV. Sundar Pichai, Head of Product, became the new Google CEO, replacing Larry Page.
In its announcement, Page described the planned parent company as follows:
Alphabet is mostly a collection of companies. The biggest, of course, is Google. The new Google is a bit leaner, with companies far enough away from our main internet product contained in the Alphabet instead. [...] Basically, we believe this allows us more management scale, because we can run many things independently of little relevance.
As well as explaining the origin of the company name:
We love the Alphabet name because it means a collection of letters that represent language, one of human's most important innovations, and is at the core of our way of indexing with Google search! We also like it to mean alpha-bet (Alpha is a return on investment above the benchmark), which we strive for!
The page says the motivation behind the reorganization is to make Google "cleaner and more responsible." He also said he wanted to improve "transparency and oversight of what we do," and to allow greater control of unrelated companies.
On February 1, 2016, Alphabet Inc. surpassed Apple to become the most valuable public company in the world until February 3, 2016, when Apple jumped back into the Alphabet to reclaim its position. Experts cite Apple's lack of innovation as well as rising Chinese competition as a reason for poor performance.
Website
Alphabet has selected an abc.xyz domain with a.xyz top level domain (TLD), which was introduced in 2014. It does not have an alphabet.com domain, owned by the fleet management division of BMW. BMW said that "it is necessary to check the legal trademark implications" of the proposal. Additionally, it does not have an abc.com domain, which is a promoted domain of Disney's American Broadcasting Corporation (abc.com redirects to the go.com subdomain, where most Disney sites are hosted).
The website features an Easter egg in the paragraph where Larry Page wrote, "Sergey and I are serious about starting a new business, the Alphabet will also include our X lab, which is deploying new efforts like Wing, our drone delivery efforts. investment arm, Ventures and Capital, as part of this new structure. "The period after the" drone shipping effort "is a hyperlink to" hooli.xyz ", a reference to the Silicon Valley television series.
Maps Alphabet Inc.
Structure
Alphabet's biggest subsidiary is Google, the other subsidiaries are Calico, Chronicle, Dandelion, DeepMind, GV, CapitalG, X, Google Fiber, Jigsaw, Sidewalk Labs, Verily and Waymo. On September 1, 2017, their equity held by a subsidiary known as XXVI Holdings, Inc. (referring to Roman numerals 26, the number of letters in the alphabet), so they can be valued and separated legally from Google. At the same time, it was announced that Google would be reorganized as a limited company, Google LLC.
Although many companies or divisions previously part of Google became Alphabet's subsidiary, Google remains an umbrella company for Alphabet-related businesses. This includes many of the most used products and services associated with Google, such as the Android mobile operating system, YouTube, LLC, and Google Search, which remain a direct component of Google.
Proposed growth
Eric Schmidt said at the Internet Association event that there may end up with more than 26 Alphabet subsidiaries. He also said that he currently meets the CEO of Alphabet's current and proposed subsidiary. He said, "You will see many things to come."
Restructuring Process
Google Inc. restructured as a subsidiary directly owned by Alphabet. The roles of these two companies - one as the owner and the other as a subsidiary - are then reversed in a two-step switch. First, an Alphabetian pupil was created. Then Google joins the doll's subsidiary while converting Google shares into the Alphabet stock. Under the law of Delaware, the reorganization of such parent companies can be carried out without a shareholder vote, because of this reorganization.
The restructuring process was completed on October 2, 2015. The alphabet maintains a history of Google Inc. stock prices and continue to trade under the ticker symbol Google Inc. "GOOG" and "GOOGL"; both classes of stocks are major stock market index components such as S & amp; P 500 and NASDAQ-100.
Claim
Alphabet Inc. sued technology similar to Alphabet's self-driving car technology. Autonomous vehicle technology Alphabet has been developed for a decade by Alphabet's Waymo (self-driving vehicle division). Proprietary technology is linked to 14,000 documents believed to have been downloaded and stolen by former Waymo engineers, who were later employed by Uber. The lawsuit was resolved in February 2018, with Uber agreeing not to use self-driving technology in disputes and also agreeing to provide Waymo with a 0.34% equity stake, equivalent to about $ 245 million at the beginning of 2018.
Investment and acquisition
Investment
In January 2017, Alphabet Inc. leading the Series B round of $ 15 million along with Sequoia India in Cuemath's educational startup.
In October 2017, Alphabet Inc. leading the $ 1 billion round in Lyft.
In November 2017, Alphabet Inc. leading the A Series round of $ 70 million along with Andreessen Horowitz and 20th Century Fox in the United Masters music startup, founded by Steve Stoute.
Acquisitions
On January 13, 2018, Alphabet Inc. acquired the startup of Redux smartphone technology, which specializes in turning smart phone screens into speakers. The audience claims that the technology will somehow be integrated into Google's Pixel smartphone.
The company's investment analysis in 2017 shows that it was the most active investor of the period, beating Intel's capital and its own best customers. Alphabet, Inc. acquired 7 of its own supported capital startup in the financial year 2017, with Cisco both having acquired 6 of the company's previous investments.
Flatiron Health, a company founded by two former Google employees and endorsed by Alphabet, Inc., announces that it will be acquired by health conglomerate Hoffman-La Roche for $ 1.8 billion. The company provides electronic medical records and analysis to identify better treatments for oncology patients.
References
External links
- Official website
Source of the article : Wikipedia
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