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Google officially becomes Alphabet
Google Trekker operator Eko Pramono wears the camera unit during a demonstration for the media, at Borobudur Temple in Magelang, Central Java, Sept
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Google Trekker operator Eko Pramono wears the camera unit during a demonstration for the media, at Borobudur Temple in Magelang, Central Java, Sept. 27. The search engine giant launched on Sunday the Street View map of the 9th century Buddhist temple with images captured using the backpack-sized camera. (AP/Slamet Riyadi) (AP/Slamet Riyadi)
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span class="inline inline-center">Google Trekker operator Eko Pramono wears the camera unit during a demonstration for the media, at Borobudur Temple in Magelang, Central Java, Sept. 27. The search engine giant launched on Sunday the Street View map of the 9th century Buddhist temple with images captured using the backpack-sized camera. (AP/Slamet Riyadi)
Google is officially 'Alphabet.'
Google Inc. on Friday completed the move to reorganize as Alphabet, and its stock will begin trading as Alphabet on the Nasdaq under the same tickers "GOOG" and "GOOGL" on Monday. Each share of Google will be automatically converted to Alphabet stock.
Mountain View, California-based Google said in August it would create a new company that would oversee both its highly lucrative Internet business and its growing flock of other ventures like building self-driving cars and researching ways to prolong human life.
The goal is to provide more independence for divisions like Nest, which makes Internet-connected home appliances, and Calico, which is conducting cutting-edge health research.
As part of the reorganization, CEO Larry Page said the company will begin reporting financial results by segments. (k)
