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-as of [6 OCTOBER 2024]-
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-created [2 october 2015]-
(via a re-structuring of ‘google’)
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*SUBSIDIARIES* –>
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-‘alphabet incorporated’ is an ‘american multi-national technology conglomerate holding company’ headquartered in [‘mountain view’ (/ ‘california’)]-
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It was created through a restructuring of Google on October 2, 2015\
and became the parent company of Google and several former Google subsidiaries
Alphabet is the world’s third-largest technology company by revenue and one of the world’s most valuable companies.[6][7]
It is one of the Big Five American information technology companies, alongside Amazon, Apple, Meta and Microsoft.
The establishment of Alphabet Inc. was prompted by a desire to make the core Google business “cleaner and more accountable” while allowing greater autonomy to group companies that operate in businesses other than Internet services
Founders Larry Page and Sergey Brin announced their resignation from their executive posts in December 2019, with the CEO role to be filled by Sundar Pichai, also the CEO of Google. Page and Brin remain employees, board members, and controlling shareholders of Alphabet Inc.[9]
History[edit]
On August 10, 2015, Google Inc. announced plans to create a new public holding company, Alphabet Inc. Google CEO Larry Page made this announcement in a blog post on Google’s official blog.[10] Alphabet would be created to restructure Google by moving subsidiaries from Google to Alphabet, narrowing Google’s scope. The company would consist of Google as well as other businesses including X Development, Calico, Nest, Verily, Fiber, Makani, CapitalG, and GV.[11][12][13] Sundar Pichai, Product Chief, became the new CEO of Google, replacing Larry Page, who transitioned to the role of running Alphabet, along with Google co-founder Sergey Brin.[14][15]
In his announcement, Page described the planned holding company as follows:[4][16]
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. … Fundamentally, we believe this allows us more management scale, as we can run things independently that aren’t very related.
Page says the motivation behind the reorganization is to make Google “cleaner and more accountable and better”. He also said he wanted to improve “the transparency and oversight of what we’re doing”, and to allow greater control of unrelated companies.[4][8]
Former executive Eric Schmidt (now Technical Advisor) revealed in the conference in 2017 the inspiration for this structure came from Warren Buffett and his management structure of Berkshire Hathaway a decade ago.[17] Schmidt said it was he who encouraged Page and Brin to meet with Buffett in Omaha to see how Berkshire Hathaway was a holding company made of subsidiaries with strong CEOs who were trusted to run their businesses.[17]
Before it became a subsidiary of Alphabet, Google Inc. was first structured as the owner of Alphabet. The roles were reversed after a placeholder subsidiary was created for the ownership of Alphabet, at which point the newly formed subsidiary was merged with Google. Google’s stock was then converted to Alphabet’s stock. Under the Delaware General Corporation Law (where Alphabet is incorporated), a holding company reorganization such as this can be done without a vote of shareholders, as this reorganization was.[18] The restructuring process was completed on October 2, 2015.[2] Alphabet retains Google Inc.’s stock price history and continues to trade under Google Inc.’s former ticker symbols “GOOG” and “GOOGL”; both classes of stock are components of major stock market indices such as the S&P 500 and NASDAQ-100.[19]
On December 3, 2019, Page and Brin jointly announced that they would step down from their respective roles, remaining as employees and still the majority vote on the board of directors. Sundar Pichai, the CEO of Google, is to assume the CEO role at Alphabet while retaining the same at Google.[20]
Structure[edit]
Beside its largest subsidiary, Google, Alphabet Inc. has several other subsidiaries in several other industries, among others:[21][22][23]
Subsidiary Business Executive Leader
Calico Human health (by overcoming aging) Arthur D. Levinson
CapitalG Private equity for growth stage technology companies David Lawee
DeepMind Artificial intelligence Demis Hassabis
Google Internet services Sundar Pichai
Google Fiber Internet access: via fiber Dinesh Jain
GV Venture capital for technology companies David Krane
Intrinsic Robotics software Wendy Tan White[24]
Isomorphic Labs Drug discovery Demis Hassabis
Verily Human health Andrew Conrad
Waymo Autonomous driving Dmitri Dolgov Tekedra Mawakana
Wing Drone-based delivery of freight James Ryan Burgess
X Development Research and development for “moonshot” technologies Astro Teller
As of September 1, 2017, their equity is held by a subsidiary known as XXVI Holdings, Inc. (referring to the Roman numeral of 26, the number of letters in the alphabet), so that they can be valued and legally separated from Google. At the same time, it was announced that Google would be reorganized as a limited liability company, Google LLC.[25][26]
Eric Schmidt said at an Internet Association event in 2015 that there may eventually be more than 26 Alphabet subsidiaries. He also said that he was currently meeting with the CEOs of the current and proposed Alphabet subsidiaries. He said, “You’ll see a lot coming.”[27]
While many companies or divisions formerly a part of Google became subsidiaries of Alphabet, Google remains the umbrella company for Alphabet’s Internet-related businesses. These include widely used products and services long associated with Google, such as the Android mobile operating system, YouTube, and Google Search, which remain direct components of Google.[11][28]
Former subsidiaries include Nest Labs, which was merged into Google in February 2018[29] and Chronicle which was merged with Google Cloud in June 2019.[30] Sidewalk Labs was absorbed into Google in 2021 following CEO Daniel L. Doctoroff’s departure from the company due to a suspected ALS diagnosis.[31]
In January 2021, Loon LLC CEO Alastair Westgarth mentioned in a blog post[32] that the company would be shutting down, citing lack of a scalable and sustainable business model. In July 2021, Alphabet announced Intrinsic, a new robotics software company spun out of X.[33] In November 2021, Alphabet announced a new company named Isomorphic Labs, using artificial intelligence for drug discovery and headed by DeepMind CEO Demis Hassabis.[34]
Senior leadership[edit]
Chair: John L. Hennessy (since February 2018)
Chief Executive: Sundar Pichai (since December 2019)
Chief Financial Officer Ruth Porat
Chief Accounting Officer: Amie Thuener O’Toole
[35]
List of former board chairs[edit]
Eric Schmidt (2015–2017)
List of former chief executives[edit]
Larry Page (2015–2019)
Corporate identity[edit]
Page explained the origin of the company’s name:[16]
We liked the name Alphabet because it means a collection of letters that represent language, one of humanity’s most important innovations, and is the core of how we index with Google search! We also like that it means alpha‑bet (Alpha is investment return above benchmark), which we strive for!
In a 2018 talk, Schmidt disclosed that the original inspiration for the name came from the location of the then Google Hamburg office’s street address: ABC-Straße [de].[36]
Alphabet has chosen the domain abc.xyz with the .xyz top-level domain (TLD), which was introduced in 2014. It does not own the domain alphabet.com, which is owned by a fleet management division of BMW. Following the announcement, BMW said it would be “necessary to examine the legal trademark implications” of the proposals. Additionally, it does not own the domain abc.com, which is the domain of the Disney-owned American Broadcasting Company.[37][38]
The website features an Easter egg in the paragraph where Larry Page writes, “Sergey and I are seriously in the business of starting new things. Alphabet will also include our X lab, which incubates new efforts like Wing, our drone delivery effort. We are also stoked about growing our investment arms, Ventures and Capital, as part of this new structure.” The period after “drone delivery effort” is a hyperlink to “hooli.xyz”,[39] a reference to the television series Silicon Valley.[40]
Finances[edit]
For the fiscal (and calendar) year 2021, Alphabet reported a net income of $76.033 billion. The annual revenue was $257.6 billion, an increase of 41% over the previous fiscal year.
Year Revenue
(mil. USD) Net income
(mil. USD) Total assets
(mil. USD) Employees
2016[41] 90,272 19,478 167,497 72,053
2017[42] 110,855 12,662 197,295 80,110
2018[43] 136,819 30,736 232,792 98,771
2019[44] 161,857 34,343 275,909 118,899
2020[45] 182,527 40,269 319,616 135,301
2021[1] 257,637 76,033 359,268 136,500
As per its 2017 annual report, 86% of Alphabet’s revenues came from performance advertising (through user clicks using AdSense and Google Ads) and brand advertising.[46] Of these, 53% came from its international operations. This translated to a total revenue of US$110,855 million in 2017 and a net income of US$12,662 million.
On February 1, 2016, Alphabet Inc. surpassed Apple to become the world’s most valuable publicly traded company until February 3, 2016, when Apple surged back over Alphabet to retake the position. Experts cited Apple’s lack of innovation as well as increasing Chinese competition as reasons for the poor performance.[47][48]
As of 2019, Alphabet is ranked No. 15 on the Fortune 500 rankings of the largest United States corporations by total revenue.[49]
On January 16, 2020, Alphabet became the fourth US company to reach a $1 trillion market value[50] entering the trillion dollar companies club for the first time.
Investments and acquisitions[edit]
Investments[edit]
In November 2017, Alphabet Inc. led a Series A round of $71 million along with Andreessen Horowitz and 20th Century Fox in music startup UnitedMasters, founded by Steve Stoute.[51]
In addition to funding startups, Alphabet also invests in more mature companies, including publicly traded companies like Uber and privately held companies like Medium.[52]
Acquisitions[edit]
An analysis of the company’s investments in 2017 suggested that it was the most active investor in that period, outdoing the capital arm of Intel and also its own best customer. Alphabet, Inc. acquired seven of its own capital-backed startups in the 2017 financial year, with Cisco second having acquired six of the company’s previous investments.[53]
Lawsuits and controversies[edit]
In 2017, Alphabet Inc. sued Uber over technology similar to Alphabet’s proprietary self-driving car technology. Alphabet’s autonomous vehicle technology had been under development for a decade by Alphabet’s Waymo (self-driving vehicle division). The proprietary technology is related to 14,000 documents believed to have been downloaded and stolen by a former Waymo engineer, subsequently employed by Uber.[54][55] The lawsuit was settled in February 2018, with Uber agreeing not to use the self-driving technology in dispute and also agreed to provide Waymo with an equity stake of 0.34%, equating to around $245 million at the firm’s early 2018 value.[56]
In October 2018, a class action lawsuit was filed against Google and Alphabet due to “non-public” Google+ account data being exposed as a result of a privacy bug that allowed app developers to gain access to the private information of users. The litigation was settled in July 2020 for $7.5 million with a payout to claimants of at least $5 each, with a maximum of $12 each.[57][58][59]
In October 2020, the United States Department of Justice filed an antitrust lawsuit against Alphabet, alleging anti-competitive practices.[60]
On 2 December 2020, the National Labor Relations Board filed a complaint that claimed Alphabet Inc conducted unlawful monitoring and questioning of several workers at Google. The employees in question were fired for unionization attempts and protesting company policies. The board also alleges that Google unlawfully placed employees on administrative leave in retribution. Alphabet Inc has denied any wrongdoing and said it acted legally.[61]
On 7 June 2021, Alphabet Inc., parent company to Google, announced it had settled an antitrust suit with the French Autorité de la concurrence with a payment of $270 million.
The settlement amounted to less than 0.7% of Alphabet Inc.’s yearly earnings
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On 12 June 2021, it was announced that Japan would launch an antitrust probe into Alphabet Inc. and Apple Inc. to determine whether their dealings with Japanese smartphone makers violate current antitrust measures or could necessitate new ones
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In May 2022, the Russian authorities have seized Google’s Russian bank account [64] forcing them to file for bankruptcy one month after as they are unable to pay vendors and staff. However, they continue to keep free services such as Search, YouTube, Gmail, Maps, Android and Play available.[65]
See also[edit]
References[edit]
^ Jump up to: a b “Alphabet Inc. 2021 Annual Form 10-K Report” (PDF). abc.xyz. December 31, 2021. Retrieved February 3, 2022.
^ Jump up to: a b “SEC Filing (Form 8-K) by Alphabet Inc”. U.S. Securities and Exchange Commission. October 2, 2015.
^ “Google to be part of new holding company, ‘Alphabet'”. Archived from the original on January 2, 2021. Retrieved August 11, 2015.
^ Jump up to: a b c d Page, Larry (August 10, 2015). “G is for Google”. Google Official Blog. Retrieved August 11, 2015.
^ “Google creates new parent company called Alphabet”. CNET. August 10, 2015. Archived from the original on September 17, 2015. Retrieved September 19, 2015.
^ “Top 50 Global Technology Companies”. Fortune Global 500. Archived from the original on January 26, 2017. Retrieved June 4, 2019.
^ “Alphabet”. Forbes. Retrieved June 6, 2011.
^ Jump up to: a b Metz, Cade (August 10, 2015). “A New Company Called Alphabet Now Owns Google”. Wired. Retrieved August 13, 2015.
^ Donfro, Jillian (December 3, 2019). “Larry Page Steps Down As CEO Of Alphabet”. Forbes. Retrieved December 3, 2019.
^ Kelly, Heather (August 10, 2015). “Meet Google Alphabet – Google’s new parent company”. CNNMoney. Retrieved May 1, 2019.
^ Jump up to: a b Womack, Brian (August 10, 2015). “Google Creates New Company Called Alphabet, Restructures Stock”. Bloomberg. Retrieved August 10, 2015.
^ Greenberg, Julia (August 10, 2015). “What Google, I Mean Alphabet, Looks Like Now”. Wired. Retrieved August 10, 2015.
^ “What is Alphabet, Google’s new company?”. Business Insider. Retrieved August 10, 2015.
^ Chen, Angela (August 10, 2015). “Google Creates Parent Company Called Alphabet in Restructuring”. The Wall Street Journal. Retrieved August 10, 2015.
^ Dougherty, Conor (August 10, 2015). “Google to Reorganize in Move to Keep Its Lead as an Innovator”. The New York Times. Retrieved August 10, 2015.
^ Jump up to: a b “Google’s Larry Page explains the new Alphabet”. CNET. Retrieved September 19, 2015.
^ Jump up to: a b GmbH, finanzen net. “Google’s founders came up with the Alphabet model after meeting Warren Buffett | Markets Insider”. Business Insider. Retrieved December 5, 2019.
^ “Google Inc. filing with the SEC, Form 8-K”. United States Securities and Exchange Commission. August 10, 2015. Retrieved August 11, 2015.
^ “GOOGL : Summary for Alphabet Inc”. Yahoo! Finance. Retrieved December 4, 2017.
^ Feiner, Lauren (December 3, 2019). “Larry Page steps down as CEO of Alphabet, Sundar Pichai to take over”. CNBC. Retrieved December 3, 2019.
^ “Google’s Loon brings internet-by-balloon to Kenya – BBC News”. BBC News. July 19, 2018. Archived from the original on July 19, 2018. Retrieved May 1, 2019.
^ Hartmans, Avery. “All the companies and divisions under Google’s parent company, Alphabet”. Business Insider. Retrieved May 1, 2019.
^ “Alphabet has moved technology incubator Jigsaw under Google management – The Verge”. The Verge. February 11, 2020. Retrieved February 20, 2020.
^ Ridden, Paul (July 23, 2021). “Alphabet launches Intrinsic to make industrial robots easier to use”. New Atlas. Archived from the original on July 25, 2021. Retrieved July 27, 2021.
^ “Alphabet Finishes Reorganization With New XXVI Company”. Bloomberg L.P. September 1, 2017. Retrieved September 2, 2017.
^ “Google parent Alphabet forms holding company, XXVI, to complete 2015 corporate reorganization”. TechCrunch. Retrieved May 1, 2019.
^ Bergen, Mark (October 13, 2015). “Eric Schmidt: Get Ready for ‘a Lot’ More Alphabet Companies”. Vox. Re/code. Retrieved October 19, 2015.
^ “Google’s new Alphabet, from A to Z (pictures)”. CNET. Retrieved August 12, 2015.
^ Amadeo, Ron (February 7, 2018). “Nest is done as a standalone Alphabet company, merges with Google”. Ars Technica.
^ Kurian, Thomas (June 27, 2019). “Google Cloud + Chronicle: The security moonshot joins Google Cloud”. Inside Google Cloud.
^ Lyons, Kim (December 16, 2021). “Sidewalk Labs will be folded into Google as CEO steps down for health reasons”. The Verge. Archived from the original on December 17, 2021. Retrieved December 17, 2021.
^ “Alastair Westgarth”.
^ Bursztynsky, Jessica (July 23, 2021). “Alphabet launches new robotics software company Intrinsic”. CNBC. Archived from the original on July 23, 2021. Retrieved July 23, 2021.
^ Shead, Sam (November 5, 2021). “Google-parent Alphabet has set up a new lab that will use A.I. to try to discover new drugs”. CNBC. Archived from the original on November 5, 2021. Retrieved November 9, 2021.
^ “ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934” (PDF).{{cite web}}: CS1 maint: url-status (link)
^ “Wie die Hamburger ABC-Straße Google prägte”. abendblatt.de. November 29, 2018. Retrieved November 30, 2018.
^ Davidson, Lauren (August 11, 2015). “Google unveils Alphabet… but that’s already trademarked by BMW”. The Daily Telegraph. Archived from the original on January 11, 2022. Retrieved August 12, 2015.
^ Lardinois, Frederic (August 10, 2015). “Google Is Now Alphabet, But It Doesn’t Own Alphabet.com”. TechCrunch. AOL Inc. Retrieved August 11, 2015.
^ “hooli”.
^ Stubbs, David (August 12, 2015). “Google’s hooli.xyz Easter egg proves Silicon Valley is tech’s own Spinal Tap”. The Guardian. Retrieved February 28, 2016.
^ “Annual Report 2016” (PDF). Archived (PDF) from the original on March 20, 2019.
^ “Annual Report 2017” (PDF). Archived (PDF) from the original on May 31, 2019.
^ “Annual Report 2018” (PDF). Archived (PDF) from the original on February 4, 2019.
^ “Annual Report 2019” (PDF). Archived (PDF) from the original on February 3, 2020.
^ “Annual report 2020” (PDF). Archived (PDF) from the original on February 7, 2021.
^ Annual report 2017. Alphabet investor relations. March 2, 2018. pp. 2, 3, 5, 6. Retrieved December 3, 2018.
^ Levy, Ari. “Google passes Apple as most valuable company”. CNBC.com. NBCUniversal. Retrieved February 1, 2016.
^ Krantz, Matt. “Apple not going down easy as it overtakes Google parent Alphabet”. USA Today. Retrieved February 3, 2016.
^ “Fortune 500”. Fortune. Retrieved November 9, 2018.
^ Ramkumar, Amrith (January 16, 2020). “Alphabet Becomes Fourth U.S. Company to Reach $1 Trillion Market Value”. The Wall Street Journal. Retrieved January 19, 2020.
^ Constine, Josh. “With $70M from Alphabet, UnitedMasters replaces record labels”. TechCrunch. Retrieved December 4, 2017.
^ “GV / Portfolio”.
^ “A peek inside Alphabet’s investing universe”. Techcrunch. February 17, 2018.
^ Sage, Alexandria (May 30, 2017). “Uber fires self-driving car chief at center of court case”. Reuters. Retrieved May 30, 2017.
^ Isaac, Mike; Wakabayashi, Daisuke (May 30, 2017). “Uber Fires Former Google Engineer at Heart of Self-Driving Dispute”. The New York Times. Retrieved May 30, 2017.
^ Balakrishnan, Anita; D’Onfro, Jillian; Bosa, Deirdre; Zaveri, Paayal (February 9, 2018). “Uber settles dispute with Alphabet’s self driving car unit”. CNBC. Archived from the original on February 19, 2018. Retrieved February 18, 2018.
^ Murdock, Jason (August 5, 2020). “Google+ Settlement: How to Submit a Claim over Privacy Bug and Get a Payout”. Newsweek. Archived from the original on August 6, 2020. Retrieved August 5, 2020.
^ Graham, Jefferson (August 4, 2020). “Did you use Google+? You may be owed some money from class-action privacy settlement”. USA Today. Archived from the original on August 6, 2020. Retrieved August 5, 2020.
^ In re Google Plus Profile Litigation (Court case). District Court ND of California. July 22, 2020. Archived from the original on August 6, 2020. Retrieved August 5, 2020 – via CourtListener.
^ Copeland, Brent Kendall and Rob (October 21, 2020). “Justice Department Hits Google With Antitrust Lawsuit”. Wall Street Journal. ISSN 0099-9660. Retrieved November 11, 2020.
^ Paresh, Dave (December 2, 2020). “Google violated U.S. labor laws in clampdown on worker organizing, regulator says”. Reuters. Retrieved December 3, 2020.
^ “Google will pay $270 million to settle antitrust charges in France over its ad technology”. The New York Times. June 7, 2021.
^ “Japan to start antitrust probe on Apple, Google, Nikkei says”. Mercury News. June 12, 2021. Retrieved June 12, 2021.
^ Reuters (May 18, 2022). “Google’s Russian subsidiary to file for bankruptcy after bank account seized”. Reuters. Retrieved June 17, 2022.
^ Reuters (June 17, 2022). “Google’s Russian subsidiary submits bankruptcy declaration – Ifax”. Reuters. Retrieved June 17, 2022.
External links[edit]
Official website Edit this at Wikidata
Business data for Alphabet Inc. (class A):
Bloomberg
Google Finance
Reuters
SEC filings
Yahoo! Finance
Business data for Alphabet Inc. (class C):
Bloomberg
Google Finance
Reuters
SEC filings
Yahoo! Finance
en.wikipedia.org /wiki/Alphabet_Inc.
Alphabet Inc.
Contributors to Wikimedia projects22-27 minutes 8/10/2015
“GOOG” and “GOOGL” redirect here. For the company formerly traded under these ticker symbols, see Google.
Alphabet Inc.
The letters of “Alphabet” colored in red
Googleplex HQ (cropped).jpg
Googleplex, home to Alphabet Inc., in Mountain View, California
Type Public
Traded as
Nasdaq: GOOGL (Class A)
Nasdaq: GOOG (Class C)
Nasdaq-100 components (A & C)
S&P 100 components (A & C)
S&P 500 components (A & C)
ISIN US02079K3059
US02079K1079
Industry Conglomerate
Founded October 2, 2015; 6 years ago
Founders
Larry Page
Sergey Brin
Headquarters Googleplex,
Mountain View, California
,
U.S.
Area served
Worldwide
Key people
Larry Page (Director)
Sergey Brin (Director)
John L. Hennessy (Director and Chair)
Sundar Pichai (Director and CEO)
Ruth Porat (Director and CFO)
Products
Artificial intelligence
Automation
Autonomous cars
Biotechnology
Cloud computing
Computer hardware
Corporate venture capital
Fiber to the x
Health care
Internet
Robotics
Software
Revenue Increase US$257.6 billion (2021)
Operating income
Increase US$78.7 billion (2021)
Net income
Increase US$76 billion (2021)
Total assets Increase US$359.3 billion (2021)
Total equity Increase US$251.6 billion (2021)
Owners
Larry Page
Sergey Brin
Number of employees
Increase 156,500 (Dec 2021)
Subsidiaries
Calico
CapitalG
DeepMind
Google Fiber
GV
Intrinsic
Isomorphic Labs
Verily
Waymo
Wing
X Development
Website abc.xyz
Footnotes / references
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*👨🔬🕵️♀️🙇♀️*SKETCHES*🙇♂️👩🔬🕵️♂️*
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👈👈👈☜*LIST OF ‘CORPORATIONS’* ☞ 👉👉👉
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💕💝💖💓🖤💙🖤💙🖤💙🖤❤️💚💛🧡❣️💞💔💘❣️🧡💛💚❤️🖤💜🖤💙🖤💙🖤💗💖💝💘
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*🌈✨ *TABLE OF CONTENTS* ✨🌷*
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🔥🔥🔥🔥🔥🔥*we won the war* 🔥🔥🔥🔥🔥🔥