Google is about to change forever after its long-awaited restructuring into a holding company called Alphabet Inc, a move that will give the Internet giant more room to experiment outside of search and advertising.
The Internet giant announced on Friday that it expects to transition its stock from ‘Google Inc’ to ‘Alphabet’ at the end of the business day, marking the official start of the next era of Google as part of a larger holding company.
The company first announced in August that it would create a new parent company called Alphabet, a move that some took to be a joke at first.Under the arrangement, Google will be just one albeit by far the largest of a suite of independent businesses operating under the Alphabet umbrella.