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.
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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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