‘Google is not a conventional company. We do not intend to become one’ writes co-founder Larry Page in announcing the news after stock markets closed
Google is dead. Long live Alphabet. The tech company announced on Monday that it would rebrand itself Alphabet – a new holding company whose largest wholly owned subsidiary will be Google.
In a blogpost made public after the stock markets closed Larry Page, Google’s co-founder, wrote: “As Sergey [Brin, co-founder] and I wrote in the original founders letter 11 years ago, ‘Google is not a conventional company. We do not intend to become one.’ As part of that, we also said that you could expect us to make ‘smaller bets in areas that might seem very speculative or even strange when compared to our current businesses’. From the start, we’ve always strived to do more, and to do important and meaningful things with the resources we have.”