By now most of you have probably heard that Google is restructuring, but what exactly does that mean? On August 10^th, Larry Page, Co-Founder of Google, made an announcement in a blog post that they will be reorganizing under a new name, Alphabet, which will entirely separate its businesses.

In a world where technology keeps evolving, this change is occurring to allow for advancement within the Google Empire. Alphabet would be the umbrella company for all of the other businesses that fall underneath it, such as Nest and Calico. The new structure will give the businesses more leeway in how they are individually being operated, leaving the door open for more opportunities.

Page and Sergey Brin will become the CEO and President of Alphabet, which will now put Sundar Pichai as the CEO of Google. As for Google, Pichai would be in charge of Internet products such as search, maps, YouTube, and applications like Gmail.

Since Google is being restructured, this will affect them in the stock market. Google Shares now will be traded as shares of the Alphabet holding company which will provide more financial transparency. Alphabet will be breaking down the financial results for Google Inc. and the company as a whole in the fourth quarter of this year. This means that investors will be able to see how Google’s core is performing, separately from the other businesses.

Alphabet may just be what Google needs to help continue to dominate an industry that is always progressing.

About the Author

Michele Kowalski is an outgoing, driven individual, as well as a fitness fanatic, who loves going on runs and working out. She enjoys spending time at the beach with her husband, family and friends!