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Google Now Part Of The Alphabet Soup

In a rather major shake up, Google will become a wholly owned subsidiary of a new company, Alphabet. As someone who does not delve much into corporate machinations, I certainly did not see this one coming.

According to Google co-founder Larry Page:
What is Alphabet? Alphabet is mostly a collection of companies. The largest of which, of course, is Google. This newer Google is a bit slimmed down, with the companies that are pretty far afield of our main internet products contained in Alphabet instead. What do we mean by far afield? Good examples are our health efforts: Life Sciences (that works on the glucose-sensing contact lens), and Calico (focused on longevity). Fundamentally, we believe this allows us more management scale, as we can run things independently that aren’t very related.
 BetaNews 

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