So you may be among the few people that are getting confused about Google and their new parent company Alphabet. Well we are here to help simplify this for you. So no Google aren’t being re-branded as Alphabet all it will become is a subsidiary company of Alphabet. This would mean that Google will be the largest owned company under the Alphabet brand.
CEO of Google and co-founder Larry Page wrote on Google Blog on Monday “As Sergey and I wrote in the original founder’s letter 11 years ago, “Google is not a conventional company. We do not intend to become one.” As part of that, we also said that you could expect us to make “smaller bets in areas that might seem very speculative or even strange when compared to our current businesses.” From the start, we’ve always strives to do more, and to do important and meaningful things with the resources we have.”
All shares that users may have in Google will automatically be converted to the corresponding shares of Alphabet and will continue for the foreseeable future to trade under the stock ticker symbols GOOG and GOOGL.
So in a sense Google is to Alphabet what the iPhone is to Apple and what Windows is to Microsoft.
What Does This Mean For The Average User Of Google?
But what does this mean to the average users, who does not own stocks in Google, well to be honest with you not a lot, in a sense it is simply a reconstructed within the business. You may see a little re-branding of certain products here and there, for example Google Fiber may be re branded but aside from that the average user will not think twice about this.
If you want to read the original article posted by Google CEO and co-founder of Google then check out the link below