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
    model.

  • 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.

 

Works Cited

[‘”Alphabet Inc. 2021 Annual Form 10-K Report” (PDF). abc.xyz. December 31, 2021. Retrieved February 3, 2022.
2. ^ “Alphabet Inc. Q3 2022 Quarterly Report (Form 10-Q)”. U.S. Securities and Exchange Commission. October 26, 2022. p. 37.
3. ^ Jump up
to:a b “SEC Filing (Form 8-K) by Alphabet Inc”. U.S. Securities and Exchange Commission. October 2, 2015.
4. ^ “Google to be part of new holding company, ‘Alphabet'”. Archived from the original on January 2, 2021. Retrieved August 11, 2015.
5. ^
Jump up to:a b c Page, Larry (August 10, 2015). “G is for Google”. Google Official Blog. Retrieved August 11, 2015.
6. ^ “Google creates new parent company called Alphabet”. CNET. August 10, 2015. Archived from the original on September 17, 2015.
Retrieved September 19, 2015.
7. ^ “Top 50 Global Technology Companies”. Fortune Global 500. Archived from the original on January 26, 2017. Retrieved June 4, 2019.
8. ^ “Alphabet”. Forbes. Retrieved June 6, 2011.
9. ^ Jump up to:a b Metz, Cade
(August 10, 2015). “A New Company Called Alphabet Now Owns Google”. Wired. Retrieved August 13, 2015.
10. ^ Donfro, Jillian (December 3, 2019). “Larry Page Steps Down As CEO Of Alphabet”. Forbes. Retrieved December 3, 2019.
11. ^ Kelly, Heather
(August 10, 2015). “Meet Google Alphabet – Google’s new parent company”. CNNMoney. Retrieved May 1, 2019.
12. ^ Jump up to:a b Womack, Brian (August 10, 2015). “Google Creates New Company Called Alphabet, Restructures Stock”. Bloomberg. Retrieved
August 10, 2015.
13. ^ Greenberg, Julia (August 10, 2015). “What Google, I Mean Alphabet, Looks Like Now”. Wired. Retrieved August 10, 2015.
14. ^ “What is Alphabet, Google’s new company?”. Business Insider. Retrieved August 10, 2015.
15. ^
Chen, Angela (August 10, 2015). “Google Creates Parent Company Called Alphabet in Restructuring”. The Wall Street Journal. Retrieved August 10, 2015.
16. ^ Dougherty, Conor (August 10, 2015). “Google to Reorganize in Move to Keep Its Lead as an
Innovator”. The New York Times. Retrieved August 10, 2015.
17. ^ Jump up to:a b “Google’s Larry Page explains the new Alphabet”. CNET. Retrieved September 19, 2015.
18. ^ Jump up to:a b GmbH, finanzen net. “Google’s founders came up with the
Alphabet model after meeting Warren Buffett | Markets Insider”. Business Insider. Retrieved December 5, 2019.
19. ^ “Google Inc. filing with the SEC, Form 8-K”. United States Securities and Exchange Commission. August 10, 2015. Retrieved August
11, 2015.
20. ^ “GOOGL : Summary for Alphabet Inc”. Yahoo! Finance. Retrieved December 4, 2017.
21. ^ Feiner, Lauren (December 3, 2019). “Larry Page steps down as CEO of Alphabet, Sundar Pichai to take over”. CNBC. Retrieved December 3, 2019.
22. ^
Wittenstein, Jennan (July 22, 2022). “Alphabet Stock Split Lands With a Thud in Worry-Filled Market”. Bloomberg. Retrieved July 22, 2022.
23. ^ “Google’s Loon brings internet-by-balloon to Kenya – BBC News”. BBC News. July 19, 2018. Archived from
the original on July 19, 2018. Retrieved May 1, 2019.
24. ^ Hartmans, Avery. “All the companies and divisions under Google’s parent company, Alphabet”. Business Insider. Retrieved May 1, 2019.
25. ^ “Alphabet has moved technology incubator Jigsaw
under Google management – The Verge”. The Verge. February 11, 2020. Retrieved February 20, 2020.
26. ^ Ridden, Paul (July 23, 2021). “Alphabet launches Intrinsic to make industrial robots easier to use”. New Atlas. Archived from the original on
July 25, 2021. Retrieved July 27, 2021.
27. ^ Heater, Brian (January 10, 2023). “Alphabet X graduates robotic agtech firm Mineral”. TechCrunch. Retrieved January 11, 2023.
28. ^ “Alphabet Finishes Reorganization With New XXVI Company”. Bloomberg
L.P. September 1, 2017. Retrieved September 2, 2017.
29. ^ “Google parent Alphabet forms holding company, XXVI, to complete 2015 corporate reorganization”. TechCrunch. September 4, 2017. Retrieved May 1, 2019.
30. ^ Bergen, Mark (October 13, 2015).
“Eric Schmidt: Get Ready for ‘a Lot’ More Alphabet Companies”. Vox. Re/code. Retrieved October 19, 2015.
31. ^ “Google’s new Alphabet, from A to Z (pictures)”. CNET. Retrieved August 12, 2015.
32. ^ Amadeo, Ron (February 7, 2018). “Nest is
done as a standalone Alphabet company, merges with Google”. Ars Technica.
33. ^ Kurian, Thomas (June 27, 2019). “Google Cloud + Chronicle: The security moonshot joins Google Cloud”. Inside Google Cloud.
34. ^ Lyons, Kim (December 16, 2021). “Sidewalk
Labs will be folded into Google as CEO steps down for health reasons”. The Verge. Archived from the original on December 17, 2021. Retrieved December 17, 2021.
35. ^ “Alastair Westgarth”.
36. ^ Bursztynsky, Jessica (July 23, 2021). “Alphabet launches
new robotics software company Intrinsic”. CNBC. Archived from the original on July 23, 2021. Retrieved July 23, 2021.
37. ^ Shead, Sam (November 5, 2021). “Google-parent Alphabet has set up a new lab that will use A.I. to try to discover new drugs”.
CNBC. Archived from the original on November 5, 2021. Retrieved November 9, 2021.
38. ^ “ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934” (PDF).
39. ^ “Wie die Hamburger ABC-Straße Google prägte”. abendblatt.de.
November 29, 2018. Retrieved November 30, 2018.
40. ^ Davidson, Lauren (August 11, 2015). “Google unveils Alphabet… but that’s already trademarked by BMW”. The Daily Telegraph. Archived from the original on January 11, 2022. Retrieved August
12, 2015.
41. ^ Lardinois, Frederic (August 10, 2015). “Google Is Now Alphabet, But It Doesn’t Own Alphabet.com”. TechCrunch. AOL Inc. Retrieved August 11, 2015.
42. ^ “hooli”.
43. ^ Stubbs, David (August 12, 2015). “Google’s hooli.xyz Easter
egg proves Silicon Valley is tech’s own Spinal Tap”. The Guardian. Retrieved February 28, 2016.
44. ^ “Annual Report 2016” (PDF). Archived (PDF) from the original on March 20, 2019.
45. ^ “Annual Report 2017” (PDF). Archived (PDF) from the original
on May 31, 2019.
46. ^ “Annual Report 2018” (PDF). Archived (PDF) from the original on February 4, 2019.
47. ^ “Annual Report 2019” (PDF). Archived (PDF) from the original on February 3, 2020.
48. ^ “Annual report 2020” (PDF). Archived (PDF)
from the original on February 7, 2021.
49. ^ Annual report 2017. Alphabet investor relations. March 2, 2018. pp. 2, 3, 5, 6. Retrieved December 3, 2018.
50. ^ Levy, Ari. “Google passes Apple as most valuable company”. CNBC.com. NBCUniversal. Retrieved
February 1, 2016.
51. ^ Krantz, Matt. “Apple not going down easy as it overtakes Google parent Alphabet”. USA Today. Retrieved February 3, 2016.
52. ^ “Fortune 500”. Fortune. Retrieved November 9, 2018.
53. ^ Ramkumar, Amrith (January 16, 2020).
“Alphabet Becomes Fourth U.S. Company to Reach $1 Trillion Market Value”. The Wall Street Journal. Retrieved January 19, 2020.
54. ^ “Google and Microsoft hit by slowing economy”. BBC News. October 25, 2022. Retrieved October 26, 2022.
55. ^ Constine,
Josh. “With $70M from Alphabet, UnitedMasters replaces record labels”. TechCrunch. Retrieved December 4, 2017.
56. ^ “GV / Portfolio”.
57. ^ “A peek inside Alphabet’s investing universe”. Techcrunch. February 17, 2018.
58. ^ Sage, Alexandria
(May 30, 2017). “Uber fires self-driving car chief at center of court case”. Reuters. Retrieved May 30, 2017.
59. ^ Isaac, Mike; Wakabayashi, Daisuke (May 30, 2017). “Uber Fires Former Google Engineer at Heart of Self-Driving Dispute”. The New York
Times. Retrieved May 30, 2017.
60. ^ Balakrishnan, Anita; D’Onfro, Jillian; Bosa, Deirdre; Zaveri, Paayal (February 9, 2018). “Uber settles dispute with Alphabet’s self driving car unit”. CNBC. Archived from the original on February 19, 2018.
Retrieved February 18, 2018.
61. ^ Murdock, Jason (August 5, 2020). “Google+ Settlement: How to Submit a Claim over Privacy Bug and Get a Payout”. Newsweek. Archived from the original on August 6, 2020. Retrieved August 5, 2020.
62. ^ Graham,
Jefferson (August 4, 2020). “Did you use Google+? You may be owed some money from class-action privacy settlement”. USA Today. Archived from the original on August 6, 2020. Retrieved August 5, 2020.
63. ^ In re Google Plus Profile Litigation (Court
case). District Court ND of California. July 22, 2020. Archived from the original on August 6, 2020. Retrieved August 5, 2020 – via CourtListener.
64. ^ Copeland, Brent Kendall and Rob (October 21, 2020). “Justice Department Hits Google With Antitrust
Lawsuit”. The Wall Street Journal. ISSN 0099-9660. Retrieved November 11, 2020.
65. ^ Paresh, Dave (December 2, 2020). “Google violated U.S. labor laws in clampdown on worker organizing, regulator says”. Reuters. Retrieved December 3, 2020.
66. ^
“Google will pay $270 million to settle antitrust charges in France over its ad technology”. The New York Times. June 7, 2021.
67. ^ “Japan to start antitrust probe on Apple, Google, Nikkei says”. Mercury News. June 12, 2021. Retrieved June 12,
2021.
68. ^ “Google’s Russian subsidiary to file for bankruptcy after bank account seized”. Reuters. May 18, 2022. Retrieved June 17, 2022.
69. ^ “Google’s Russian subsidiary submits bankruptcy declaration – Ifax”. Reuters. June 17, 2022. Retrieved
June 17, 2022.
Photo credit: https://www.flickr.com/photos/eschipul/2938040169/’]