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Bye Bye Google, Hello Alphabet

3 years ago310 views

wochit

Wochit

After markets closed on Friday, Alphabet Inc. replaced Google as the publicly traded company started by Larry Page and Sergey Brin.
Google's class A and C shares will automatically covert into the equivalent number of Alphabet shares.
The ticker symbols, GOOGL.O and GOOG.O, will not change.
Announced in August, the structured overhaul of the massive tech company intends to separate the company's core business from other developmental ventures.
Those ventures including their self-driving cars, medical applications, and Internet-accessibility initiatives such as Sidewalk Labs, will be shifted to Alphabet.
Google will remain a wholly-owned subsidiary of the new company.

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