Google Establishes Alphabet  Holding Company
World Economy

Google Establishes Alphabet  Holding Company

After US markets closed on Friday, Alphabet replaced Google as the publicly traded company that will house Google’s search and Web advertising businesses, maps, YouTube and its incipient ventures such as driverless cars.
Google’s class A shares and class C shares will automatically convert into the same number of Alphabet class A shares and class C shares and start trading on the Nasdaq from Monday. The ticker symbols will not change, Reuters reported.
The structural overhaul, announced in August, is intended to separate the company’s core businesses from ventures such as the driverless cars, glucose-monitoring contact lenses and Internet-connected high-altitude balloons.
Google’s Sidewalk Labs, a company dedicated to coming up with technologies to improve urban city infrastructure such as a free WiFi program, will also be a part of the Alphabet business.
The core businesses will be called Google and operate as a wholly-owned subsidiary of Alphabet. Sundar Pichai will head Google.  Alphabet will be run by Google co-founder Larry Page and each of its businesses will have its own chief executive.
Starting from the company’s fourth quarter in January, Alphabet will have two reporting units - Google and all other Alphabet businesses taken as a whole.
Investors have cheered the move, saying it will give them greater visibility into the financial performance of Google’s highly profitable core businesses.
Alphabet’s businesses will also include connected home products maker Nest, venture capital arm Google Ventures, and Google Capital, which invests in larger tech companies.


Short URL : https://goo.gl/d9FkHz
  1. https://goo.gl/lX8Pbz
  • https://goo.gl/7mFwGu
  • https://goo.gl/6gvQoE
  • https://goo.gl/SddIH2
  • https://goo.gl/4p6L8h

You can also read ...

More and more Thai merchants are integrating WeChat Pay and Alipay’s systems to cater to tourists.
The internet has changed the way most people live. Through...
Cambodia’s economic outlook remains positive, but is subject to downside risks.
The IMF Managing Director Christine Lagarde expressed optimism...
More India Bank Frauds Revealed
Over 25,800 fraud cases involving about Rs179 crore ($1.79...
Qatar Calls to Investigate UAE Bank’s Bogus Deals
Qatar has asked US regulators to investigate the US subsidiary...
Free trade achieves more good for the planet.
US President Donald Trump’s steel tariffs have brought the...
Morocco Currency Reform on Right Track
Few weeks after the launch of the gradual dirham float, the...
EU Readies Tax on US Technological Titans
The European Union will next week unveil plans for a digital...
Apparel imports from ASEAN are growing, spurred by low labor costs  in such countries as Vietnam.
Import prices for apparel and daily goods in Japan plunged...