Google and its diverse ventures are now part of Alphabet
Google is well-known for its sprawling range of ventures, from YouTube to Android to glucose-sensing contact lenses to self-driving cars to search. Even with that diverse group of ventures, it seems CEO Larry Page felt that it was time for a shake-up. As of today, Google is just one business owned by Alphabet, a new company headed by Page and Google co-founder Sergey Brin. The goal of this new management structure is to make that family of companies "cleaner and more accountable," according to Page's statement introducing Alphabet.
Alphabet is "mostly a family of companies," foremost of which is a "slimmed down" Google led by new CEO Sundar Pichai, who formerly served as the company's product chief. In that role, Pichai controlled virtually all of Google's household-name products, from Maps to Chrome to Android. Ventures that are only weakly related to Google's "main Internet products," ...