Breaking News: Google will now be called ALPHABET

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According to the announcement which was made
on Monday, August 10, the Google moniker and
web experience will remain the same, but some
ventures that were under the Google umbrella will
be placed under Alphabet.
Google will now be called ALPHABET following a
restructuring of the tech giant’s business operations.
According to the announcement which was made
on Monday, August 10, through a blog post, the
Google moniker and web experience will remain
the same, but some ventures that were under the
Google umbrella will be placed under Alphabet
instead with a CEO running each business unit.
It statement said that Google co-founder , Larry
Page will serve as CEO of Alphabet, while fellow co-
founder Sergey Brin as president.
“Fundamentally, we believe this allows us more
management scale, as we can run things
independently that aren’t very related,” Page said.
He added that Google is “operating well today, but
we think we can make it cleaner and more
accountable.”
Sundar Pichai , who has effectively been leading
Google’s day-to-day operations, will step into the
CEO role.
The company says its move under the Alphabet
umbrella will not affect traders.
It was gathered that Google shares will convert into
Alphabet shares, though they will continue to trade
on NASDAQ as GOOGL and GOOG.

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