Google Corporation has grown a long time ago and includes a variety of activities, and not just a popular search engine.
And the decision to change the name of the company to a more modern and reflective one looks quite logical. The name of the new reorganized holding company will be Alphabet Inc.
And already its divisions will be considered YouTube, Nest, Google, Fiber, Android and many others. The news was greeted with enthusiasm in the market, the company's shares climbed 5%. CEO of Alphabet Inc. Larry Page will become president, Sergey Brin will become president, and the post of head Google occupied by Sundar Pichai.
The new structure will be created over the next few months. As expected, such changes will allow the company's management to devote more time to development prospects and invest in promising business areas.