Alphabet Inc.

Alphabet Inc.
Traded as
ISIN US02079K3059
Industry Conglomerate
Founded October 2, 2015; 2 years ago (2015-10-02)
Headquarters Googleplex, Mountain View, California, U.S.
Area served
Key people
Revenue Increase US$110.85 billion[1] (2017)
Increase US$26.14 billion[1] (2017)
Profit Decrease US$12.66 billion[1] (2017)
Total assets Increase US$197.29 billion[1] (2017)
Total equity Increase US$152.50 billion[1] (2017)
Number of employees
72,053[2] (2017)

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[3] and became the parent company of Google and several former Google subsidiaries.[4][5][6][7][8] The two founders of Google assumed executive roles in the new company, with Larry Page serving as CEO and Sergey Brin as President.[9] It has over 75,606 employees as of July 2017.[10]

Alphabet's portfolio encompasses several industries, including technology, life sciences, investment capital, and research. Some of its subsidiaries include Google, Calico, Chronicle, GV, CapitalG, Verily, Waymo, X, Nest Labs and Google Fiber. Some of the subsidiaries of Alphabet have altered their names since leaving Google and becoming part of the new parent company—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.[4][5] 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.[5][11]

  1. ^ a b c d e "Alphabet Inc. 2015 Annual Report Form (10-K)". EDGAR. United States Securities and Exchange Commission. February 27, 2016. Retrieved December 21, 2015. 
  2. ^ "Alphabet Announces Third Quarter 2017 Results" (PDF). Alphabet Inc. October 26, 2017. Retrieved October 28, 2017. 
  3. ^ "SEC Filing (Form 8-K) by Alphabet Inc". October 2, 2015. 
  4. ^ a b "Google to be part of new holding company, 'Alphabet'". Retrieved August 11, 2015. 
  5. ^ a b c Page, Larry. "G is for Google". Google Official Blog. Retrieved August 11, 2015. 
  6. ^ "Google creates new parent company called Alphabet – CNET". CNET. Archived from the original on September 17, 2015. Retrieved September 19, 2015. 
  7. ^ Reuters (October 2, 2015). "Bye bye Google, hello Alphabet". The Express Tribune News Network. The Express Tribune. Retrieved October 14, 2015. 
  8. ^ "Bye bye Google, hello Alphabet". Saudi Gazette. October 3, 2015. Retrieved October 14, 2015. 
  9. ^ Womack, Brian (August 10, 2015). "Google Creates New Company Called Alphabet, Restructures Stock". Bloomberg. Retrieved August 10, 2015. 
  10. ^ "Alphabet has nearly doubled its headcount since 2013 to more than 75,000". Recode. Retrieved December 4, 2017. 
  11. ^ Cite error: The named reference wire-2015-new-company was invoked but never defined (see the help page).

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