Alphabet, Google’s parent company, was created in 2015.
Google announced the new corporate structure in August 2015, and Alphabet became the parent company later that year. Google remained the largest subsidiary, while other businesses and ambitious projects were organized under Alphabet as separate units.
The reorganization was designed to give the core internet business a clearer identity and allow businesses such as life sciences, investment activities, and experimental technology projects to operate with more independence. Sundar Pichai became Google’s chief executive, while Larry Page became Alphabet’s CEO and Sergey Brin became its president.
Alphabet became one of the world’s most valuable publicly traded companies because of Google Search, online advertising, YouTube, Android, and cloud computing. Its market capitalization is separate from revenue: it represents the total value assigned by shareholders to all Alphabet shares. The company’s Class A, Class B, and Class C share classes have different voting rights.