Goodbye Google, and hello Alphabet. Google has a new parent company, Alphabet. Along with the new name, some of Google’s businesses are splitting off to become their own separate companies under Alphabet. The restructuring process was completed on October 2, 2015.
On August 10, 2015, Google Inc. announced plans to create a new public holding 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 subsidiaries from Google to Alphabet, narrowing Google’s scope. The company will consist of Google, Nest Labs, and Calico, as well as other businesses including Google X, Google Capital, and Google Ventures. Sundar Pichai, current Product Chief, is to become the new CEO of Google, replacing Larry Page.
Alphabet Inc. will replace Google Inc. as the publicly-traded entity and all shares of Google will automatically convert into the same number of shares of Alphabet, with all of the same rights. Google will become a wholly-owned subsidiary of Alphabet. Our two classes of shares will continue to trade on Nasdaq as GOOGL and GOOG.
Google does not own alphabet dot com. You can visit its website abc dot xyz for the announcement by Larry Page, the CEO of Alphabet.
Google is now Alphabet. G is for Google.
Please visit wikipedia and other sites for detailed information.