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Google's CEO s, Larry Page and Sergey Brin during the conference

Google Has Formed Up A New Parent Company Known As Alphabet

Google made an announcement late Monday that it is forming a new parent company known as Alphabet, which will be operated by it’s two founders, Larry Page and Sergey Brin. Alphabet is a new holding company which will replace and manage Google Inc including all its products on the stock market.

Check also: Google co-founders Sergey Brin and Larry Page just made about $8billion in a single day

One of Google’s CEO known as Larry Page said in his statement during the announcement that the reason as to why the new company is called Alphabet is because it means a “ colection of letters which represent language nevertheless, it’s simply how we index with Google search “ funny enough, the new company’s domain will be ABC.xyz. However, the company’s new deputy, Sundar Pichai will be taking over as Google’s CEO.

The search engine giant is running well today but we can make it cleaner and accountable.

For that case we have decided to form a new company known as Alphabet.

Therefore, am excited to run it as CEO together with my partner Sergey Brin who will be as president, said Page”.

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