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Alphabet Inc.

Alphabet Inc.

Alphabet Inc. is a Googleplex-based company founded in 2015 by Larry Page.

Alphabet Inc. is an American multinational conglomerate headquartered in Mountain View, California. It was created through a corporate restructuring of Google on October 2, 2015, and became the parent company of Google and several former Google subsidiaries. The two founders of Google assumed executive roles in the new company, with Larry Page serving as CEO and Sergey Brin as president. Alphabet is the world's fourth-largest technology company by revenue and one of the world's most valuable companies.

The establishment of Alphabet was prompted by a desire to make the core Google internet services business cleaner and more accountable while allowing greater autonomy to group companies that operate in businesses other than Internet services. Page and Brin announced their resignation from their executive posts in December 2019, with the CEO role to be filled by Sundar Pichai, also the CEO of Google. Page and Brin remain co-founders, employees, board members, and controlling shareholders of Alphabet Inc.

When re-structuring, Larry Page talked about the new Alphabet and said:

Alphabet is about businesses prospering through strong leaders and independence. In general, our model is to have a strong CEO who runs each business, with Sergey and me in service to them as needed. We will rigorously handle capital allocation and work to make sure each business is executing well. In addition, with this new structure we plan to implement segment reporting for our Q4 results, where Google financials will be provided separately than those for the rest of Alphabet businesses as a whole.

Aquisitions

Company
Acquisition Date
Industry
Cost

@Last Software

March 14, 2006

3D Modeling Software

2Web Technologies

June 1, 2006

Online Spreadsheets

60db

October 11, 2017

Podcasts

Aardvark

February 12, 2010

Social search

$50,000,000

Admeld

June 9, 2011

Online advertising

$400,000,000

...

Timeline

August 16, 2022
Google adds AI language skills to Alphabet's helper robots to better understand humans

Patents

Further Resources

Title
Author
Link
Type
Date

Alphabet and Google CFO Ruth Porat on Bloomberg Studio 1.0

Web

December 15, 2021

Alphabet CEO on Company's Next Trillion Dollars

Web

November 29, 2021

Alphabet's Company Story 2021

Web

June 24, 2021

What is Alphabet Inc.? All About Google's New Parent Company

Web

August 27, 2015

What is Alphabet, the new Google?

Web

August 12, 2015

News

Title
Author
Date
Publisher
Description
Bloomberg
July 29, 2020
@bsindia
Their fast-growing wealth provides a breathtaking measure of their companies economic might

References

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