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