Google Founders Create New Company to Oversee Empire
FILE - Google logo is seen at the Google headquarters in Brussels, March 23, 2010.
VOA News,August 12, 2015
U.S.-based technology giant Google says it is reorganizing in order to separate its profitable Internet-based ventures from its less well-known initiatives.
Google chief executive officer Larry Page announced in a blog post Monday that he and co-founder Sergey Brin will head a new holding company called Alphabet, which will oversee the original Google company that includes its now-iconic search engine and its popular YouTube video service.
Also included are several different ventures originally created under the Google brand that will now be run as separate entities. The new divisions include an effort to prolong human life, a venture building high-speed Internet networks in several cities, a drone delivery service, and the research lab designing a self-operating automobile.
Page and Brin, who founded Google back in 1998, will hold the posts of Alphabet CEO and president respectively.