Alphabet, Inc.
Do the right thing
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| Public | |
| Traded as |
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| Industry | Conglomerate |
| Founded | 2 October 2015 |
| Founders | |
| Headquarters |
Googleplex Mountain View, California, United States |
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Area served
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Worldwide |
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Key people
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Eric Schmidt (Executive Chairman) Larry Page (CEO) Sergey Brin (President) David Drummond (CLO) Ruth Porat (CFO) |
| Products | |
| Revenue |
 US$90.27 billion (2016) |
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US$23.71 billion (2016) |
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US$19.47 billion (2016) |
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| Total assets |
US$167.49 billion (2016) |
| Total equity |
US$139.04 billion (2016) |
| Owner | Sergey Brin & Larry Page (52.5% voting power) |
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Number of employees
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69,952 (Q3 2016) |
| Subsidiaries | |
| Website | abc |
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Footnotes / references |
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Alphabet Inc. is an American multinational conglomerate founded on October 2, 2015, by the two founders of Google, Larry Page and Sergey Brin, with Page serving as CEO and Brin as President. It is the parent company of Google and several other companies previously owned by them. The company is based in Mountain View, California, at Googleplex. The reorganization of Google into Alphabet was completed on October 2, 2015.
Alphabet's portfolio encompasses several industries, including technology, life sciences, investment capital, and research. Some of its subsidiaries include Google, Calico, GV, CapitalG, Verily, Waymo, X, and Google Fiber. Some of the subsidiaries of Alphabet have altered their names since leaving Google—Google Ventures becoming GV, Google Life Sciences becoming Verily and Google X becoming just X. Following the restructuring Page became CEO of Alphabet while Sundar Pichai took his position as CEO of Google. Shares of Google's stock have been converted into Alphabet stock, which trade under Google's former ticker symbols of "GOOG" and "GOOGL".
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.
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 would be created to restructure Google by moving subsidiaries from Google to Alphabet, narrowing Google's scope. The company would consist of Google as well as other businesses including X, CapitalG, and GV.Sundar Pichai, Product Chief, became the new CEO of Google, replacing Larry Page.
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