alphabet inc.


  • Page and Brin remain employees, board members, and controlling shareholders of Alphabet Inc.[10] • Trade name: Alphabet; Type: Public; Traded as: Nasdaq: GOOGL (Class A),
    Nasdaq: GOOG (Class C), Nasdaq-100 components (A & C), S&P 100 components (A & C), S&P 500 components (A & C); ISIN: US02079K3059, US02079K1079; Industry: Conglomerate; Founded: October 2, 2015; 7 years ago; Founders: Larry Page, Sergey Brin;
    Headquarters: Googleplex, Mountain View, California; Area served: Worldwide; Key people: Larry Page (Board member), Sergey Brin (Board member), John L. Hennessy (Chairman), Sundar Pichai (CEO), Ruth Porat (CFO) U.S.; Products: Artificial intelligence
    • Automation, Autonomous cars, Biotechnology, Cloud computing, Computer hardware, Corporate venture capital, Fiber to the x, Health care, Internet, Robotics, Software; Revenue: US$257.6 billion (2021); Operating income: US$78.7 billion (2021);
    Net income: US$76 billion (2021); Total assets: US$359.3 billion (2021); Total equity: US$251.6 billion (2021); Owners: Larry Page (controlling shareholder), Sergey Brin (controlling shareholder); Number of employees: 186,779 (Sept. 2022);
    Subsidiaries: Calico, CapitalG, DeepMind, Google, Google Fiber, GV, Intrinsic, Isomorphic Labs, Verily, Waymo, Wing, X Development; History 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.

  • [15][16] In his announcement, Page stated that the planned holding company would allow for “more management scale, as we can run things independently that aren’t very related”
    to Google.

  • [56] Acquisitions[edit] Main article: List of mergers and acquisitions by Alphabet An analysis of the company’s investments in 2017 suggested that it was the most active investor
    in that period, outdoing the capital arm of Intel and also its own best customer.

  • He clarified that, as a result of the new holding company, Google would be “a bit slimmed down, with the companies that are pretty far afield of our main internet products
    contained in Alphabet instead”.

  • [58][59] The lawsuit was settled in February 2018, with Uber agreeing not to use the self-driving technology in dispute and also agreed to provide Waymo with an equity stake
    of 0.34%, equating to around $245 million at the firm’s early 2018 value.

  • “[30] While many companies or divisions formerly a part of Google became subsidiaries of Alphabet, Google remains the umbrella company for Alphabet’s Internet-related businesses.

  • It was created through a restructuring of Google on October 2, 2015,[3] and became the parent company of Google and several former Google subsidiaries.

  • [4][5][6] Alphabet is the world’s third-largest technology company by revenue and one of the world’s most valuable companies.

  • Alphabet, Inc. acquired seven of its own capital-backed startups in the 2017 financial year, with Cisco second having acquired six of the company’s previous investments.

  • [22] Structure Beside its largest subsidiary, Google, Alphabet Inc. has several other subsidiaries in several other industries, among others:[23][24][25] As of September 1,
    2017, their equity is held by a subsidiary known as XXVI Holdings, Inc. (referring to the Roman numeral of 26, the number of letters in the alphabet), so that they can be valued and legally separated from Google.

  • [7][8] It is one of the Big Five American information technology companies, alongside Amazon, Apple, Meta, and Microsoft.

  • At the same time, it was announced that Google would be reorganized as a limited liability company, Google LLC.

  • On February 1, 2016, Alphabet Inc. surpassed Apple to become the world’s most valuable publicly traded company until February 3, 2016, when Apple surged back over Alphabet
    to retake the position.

  • [60] In October 2018, a class action lawsuit was filed against Google and Alphabet due to “non-public” Google+ account data being exposed as a result of a privacy bug that
    allowed app developers to gain access to the private information of users.

  • [28][29] Eric Schmidt said at an Internet Association event in 2015 that there may eventually be more than 26 Alphabet subsidiaries.

  • [34] In January 2021, Loon LLC CEO Alastair Westgarth mentioned in a blog post[35] that the company would be shutting down, citing lack of a scalable and sustainable business

  • The establishment of Alphabet Inc. was prompted by a desire to make the core Google business “cleaner and more accountable” while allowing greater autonomy to group companies
    that operate in businesses other than Internet services.

  • [66] On 12 June 2021, it was announced that Japan would launch an antitrust probe into Alphabet Inc. and Apple Inc. to determine whether their dealings with Japanese smartphone
    makers violate current antitrust measures or could necessitate new ones.

  • [52] On January 16, 2020, Alphabet became the fourth US company to reach a $1 trillion market value[53] entering the trillion dollar companies club for the first time.

  • [36] In November 2021, Alphabet announced a new company named Isomorphic Labs, using artificial intelligence for drug discovery and headed by DeepMind CEO Demis Hassabis.

  • He also said that he was currently meeting with the CEOs of the current and proposed Alphabet subsidiaries.

  • [55] In addition to funding startups, Alphabet also invests in more mature companies, including publicly traded companies like Uber and privately held companies like Medium.

  • These include widely used products and services long associated with Google, such as the Android mobile operating system, YouTube, and Google Search, which remain direct components
    of Google.

  • [20] On December 3, 2019, Page and Brin jointly announced that they would step down from their respective roles, remaining as employees and still the majority vote on the
    board of directors.

  • Larry Page (2015–2018) Corporate identity Page explained the origin of the company’s name:[17] We liked the name Alphabet because it means a collection of letters that represent
    language, one of humanity’s most important innovations, and is the core of how we index with Google search!

  • [67] In May 2022, the Russian authorities have seized Google’s Russian bank account [68] forcing them to file for bankruptcy one month after as they are unable to pay vendors
    and staff.

  • In July 2021, Alphabet announced Intrinsic, a new robotics software company spun out of X.

  • Under the Delaware General Corporation Law (where Alphabet is incorporated), a holding company reorganization such as this can be done without a vote of shareholders, as this
    reorganization was.


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