Alphabet changed its name from Google to Alphabet in 2015 while retaining Google as its largest subsidiary.
The restructuring was announced on August 10, 2015, and completed later that year. Alphabet became the parent company for Google and several other businesses, allowing the founders and executives to separate the core internet operations from longer-term projects.
Google continued to include products such as Search, YouTube, Android, and advertising. Alphabet’s other activities have included research and development ventures such as Waymo and Verily, although the group’s financial center remains Google.
People often say that Google disappeared when Alphabet was created, but that is incorrect. Google remained a distinct operating company and the best-known brand within Alphabet. Alphabet is the listed company whose market capitalization reflects the combined value of the corporate group.