Google Parent Company – It is a worldwide known fact that the parent company of Google is Alphabet. Alphabet Inc. is a multinational conglomerate having its headquarters in Mountain View in California. It is an American company of course. Alphabet Inc was chosen as the Google parent company on October 2nd, 2015.
The original founders of Google, Sergey Brin and Larry Page are the owners and of Alphabet Inc as well. The major reason why Google decided to have its parent company was because Google was doing a lot of things and it wanted a parent company so that all those things come under that parent company.
Google could focus on its search engine work and the actual work for which Google was launched without being answerable to how Google does so many things. It can still do a lot of things but under a different company.
Alphabet takes over everything that is run by Google but there are some products of Google under Google itself. Those products are Android, apps, search, and YouTube. Alphabet can be called a conglomerate or a holding company.
Google Parent Company
There are a lot of companies that are owned by Google like Nest and those also come under Alphabet now. So, officially the Google parent company is Alphabet Inc.
Because of this division or giving away of the title of the parent company, Google can expand in its genre of work that are in apps, android, search, and YouTube too. And Google also has a possibility to expand to other work and business through Alphabet.
So, now if people ask how will everything fit into Google or how everything till now dis fit into Google, the answer will be from Alphabet that Alphabet is doing all the extra work. Google is doing what it is meant for. So, Google just remains the subsidiary of the Google parent company, Alphabet Inc or the biggest subsidiary company.
Alphabet is the safe place of Google to carry out the different types of experiments and still be focused on the main business. You can also say that the scope of Google is also narrowed by Alphabet for Google’s good.
To make Google more capable of doing the internet related things and be more accountable, Alphabet was brought into the picture.
Alphabet owns a lot of non internet related things which does not bring Google into the scenario of being asked as why Google, the internet based company is dealing with non internet work.
This was Larry Page’s statement about introducing Alphabet “He also said he wanted to improve “the transparency and oversight of what we’re doing”, and to allow greater control of unrelated companies.”
Google Parent Company
Alphabet is the owner of Google and other companies that were previously owned by Google like Nest, Calico, Verily, Malta, Makani, Capital G, Fibre, GV, Jigsaw, Waymo, DeepMind, Sidewalk Labs, Loon, Wing, and X Development. All these companies are now under the observation and operation of Alphabet Inc.
Google does not have any authority of these companies anymore. The products of both what Google owns and what Alphabet owns are going to remain the same. It is just that the owners and the company are changed.
The CEO of Alphabet along with Google is Sundar Pichai who was previously the product chief of Google. Larry Page and Sergey Brin, the owners and founders of Google and Alphabet stepped down from the executive position to be the shareholders in the company. Alphabet is also the 4th biggest company in the world till 2019 as per the market value.
Google Parent Company
The other three companies are Apple, Microsoft, and Amazon. After Google restructured to become Alphabet or precisely to give Alphabet all the ownership of Google, it has become double its total value. The rest of Alphabet may represent the bets on the industries of the future but for today, it’s Google that pays the bills.
With the announcement of Alphabet Inc, it was also announced that Google will be reorganized as a limited liability company as Google LLC.
Larry Page also made this statement as to why the name Alphabet was given to the company. His words were “We liked the name Alphabet because it means a collection of letters that represent language, one of humanity’s most important innovations, and is the core of how we index with Google search! We also like that it means alpha‑bet (Alpha is investment return above benchmark), which we strive for.”