Google is separating its web properties from its research and investment arms, with all the entities now coming under a new umbrella company called Alphabet, Google's founders announced in a blog post Monday. In addition to Google, Alphabet will hold Calico (which focuses on health research) and Life Sciences (a contact lens company).
"We've long believed that over time companies tend to get comfortable doing the same thing, just making incremental changes," Google co-founder and Alphabet CEO Larry Page wrote. "Our company is operating well today, but we think we can make it cleaner and more accountable."
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Drugmakers paid pharmacy benefit managers to avoid restricting opioid prescriptionsUnder the radar The middlemen and gatekeepers of insurance coverage have been pocketing money in exchange for working with Big Pharma
-
The week's best photosIn Pictures A cyclone's aftermath, a fearless leap, and more
-
The Imaginary Institution of India: a 'compelling' exhibitionThe Week Recommends 'Vibrant' show at the Barbican examines how political upheaval stimulated Indian art
-
Judges block $25B Kroger-Albertsons mergerSpeed Read The proposed merger between the supermarket giants was stalled when judges overseeing two separate cases blocked the deal
-
Rupert Murdoch loses 'Succession' court battleSpeed Read Murdoch wanted to give full control of his empire to son Lachlan, ensuring Fox News' right-wing editorial slant
-
Bitcoin surges above $100k in post-election rallySpeed Read Investors are betting that the incoming Trump administration will embrace crypto
-
Enron mystery: 'sick joke' or serious revival?Speed Read 23 years after its bankruptcy filing, the Texas energy firm has announced its resurrection
-
US charges Indian tycoon with bribery, fraudSpeed Read Indian billionaire Gautam Adani has been indicted by US prosecutors for his role in a $265 million scheme to secure solar energy deals
-
Boeing machinists approve contract, end strikeSpeed Read The company's largest union approved the new contract offer, ending a seven-week strike
-
US economy still strong in final preelection reportSpeed Read It grew at a solid 2.8% annual rate from July through September
-
Boeing machinists reject deal, continue strikeSpeed Read The rejection came the same day Boeing reported a $6.2 billion quarterly loss
