A couple of months ago, Google announced their plans to restructure the company. This restructuring would basically see Google form a new parent company called Alphabet, in which Google would be part of that parent company. This means that Google will no longer be the parent company to some of the services and products that they have created/acquired over the years.
That being said, it looks like the change has been made official thanks to a recent update on the Investor Relations blog in which Google wrote, “The Alphabet merger is now effective.” Like we said this doesn’t mean that Google no longer exists, it’s just that Google will now be a part of Alphabet with Sundar Pichai being Google’s new CEO.
According to Alphabets CEO Larry Page who explained Alphabet a couple of months ago, “What is Alphabet? Alphabet is mostly a collection of companies. The largest of which, of course, is Google. This newer Google is a bit slimmed down, with the companies that are pretty far afield of our main internet products contained in Alphabet instead.”
It is unlikely that this will affect the day-to-day operations of Google and Alphabet’s products and services, but in the future if you do start seeing the name pop-up, understand that it is actually Google’s new parent company and hopefully it won’t be too confusing.