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Find out moreAlphabet Inc. is the holding company for Google and several Google entities, including Google X, Google Ventures, Google Capital, Calico, and its Life Sciences efforts.
On Monday, August 10th, 2015, CEO Larry Page announced the operational restructuring effort for Alphabet Inc. to replace Google Inc. as the official publicly-traded entity. He announced that all shares of Google would automatically convert into the same number of shares of Alphabet, with all of the same rights. The two classes of shares continue to trade on Nasdaq as GOOGL and GOOG.
At the end of 2019, Google founders Larry Page and Sergey Brin announced they were to step away from the 'day-to-day' of running Alphabet. They would, however, retain their 51% ownership.
In January 2020, Alphabet's market cap passed $1tr for the first time.
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