Google creates new company called "Alphabet", restructures GOOG stock and names new CEO

Posted:
in AAPL Investors edited August 2015

If Apple had done all this, the stock would be in the gutter.

 

This is a radical shift for Google:  http://googleblog.blogspot.com/2015/08/google-alphabet.html

 

http://www.bloomberg.com/news/articles/2015-08-10/google-to-adopt-new-holding-structure-under-name-alphabet-

 

http://www.theverge.com/2015/8/10/9128083/sundar-pichai-ceo-google-larry-page-sergey-brin

 

Google will now be a SUBSIDIARY of this new company! Honestly, this does not bode well for Google stock.

 

On the other hand, it could also point a possible breakthrough in artificial intelligence at Google, which essentially could render Google obsolete.

 

Here's the link to the new company:  https://abc.xyz

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