Author Topic: Google morphs into Alphabet Inc  (Read 2294 times)

Offline WiltedShoots

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Google morphs into Alphabet Inc
« on: August 11, 2015, 12:31:32 am »
Google Inc (GOOGL.O) announced a major shake-up of its operating structure on Monday, creating a holding company called Alphabet which will contain subsidiaries to separate its core web advertising business from newer ventures like driverless cars.

The move appeared to be an attempt to let the company focus on its more creative and ambitious projects.

"It suggests that in all likelihood, Google is not going to slow the pace of their experimental processes like self driving cars. It suggests they’re really going to try to be like a tech conglomerate combined with VC,” said Michael Yoshikami, head of Destination Wealth Management which has $1.5 billion under management.

The surprise news sent shares of Google up almost 7 percent to $708 in after hours trading.

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Offline Data

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Re: Google morphs into Alphabet Inc
« Reply #1 on: August 11, 2015, 05:56:27 pm »
where there's muck there's brass....