Alphabet owns Google and became one of the world's first trillion-dollar companies by market capitalization.
Alphabet is the parent company created during Google's 2015 corporate restructuring. Google became a subsidiary focused on internet products, while Alphabet provided a broader structure for businesses and projects including life sciences and other “Other Bets.”
Alphabet crossed a $1 trillion market capitalization in January 2020. Its value was primarily associated with Google's dominant search engine, digital advertising business, YouTube, Android, and cloud operations.
The company name is commonly confused with Google because Google remains its best-known business and the principal source of revenue. Alphabet's stock trades on Nasdaq under the symbols GOOGL and GOOG, which represent different share classes and voting rights.