Google is officially
'Alphabet.'
Google Inc. on Friday
completed the move to reorganize as Alphabet, and its stock will begin trading
as Alphabet on the Nasdaq under the same tickers "GOOG" and
"GOOGL" on Monday. Each share of Google will be automatically
converted to Alphabet stock.
Mountain View,
California-based Google said in August it would create a new company that would
oversee both its highly lucrative Internet business and its growing flock of
other ventures like building self-driving cars and researching ways to prolong
human life.
The goal is to provide
more independence for divisions like Nest, which makes Internet-connected home
appliances, and Calico, which is conducting cutting-edge health research.
As part of the
reorganization, CEO Larry Page said the company will begin reporting financial
results by segments.
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