Google is kind of undergoing a name change, but it's much more complicated than a Diddy Puffy or Jay-Z Jay Z situation. Google is now going to run under a newly created parent company: Alphabet. The announcement was made today by Google founder and CEO Larry Page, now one of Alphabet’s CEOs alongside Sergey Brin, leaving Sundar Pichai as Google CEO.
Page explained that Alphabet is a “collection of companies” including Google, the largest, and other companies like Calico, which studies life extension, and Life Sciences, which works on a contact lens that senses glucose.
He also explained that Alphabet will replace Google Inc. as the “publicly-traded entity” (the name change debacle mentioned earlier). Google shares would be converted to equal amounts of Alphabet shares. And of course the internet has something to say about the newest member of the Google fam, roasting the name choice.
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