According to the New York Times, “Google is reorganizing under a new name — Alphabet — and separating its moneymaking businesses from the moonshot ones…Under the new structure, Larry Page is to run Alphabet along with Sergey Brin, who co-founded the web search business with him in 1998. Alphabet would be the parent entity, housing several companies, with the biggest among them Google. In addition, the portfolio would include Nest, the smart-thermostat maker, and Calico, a company focused on longevity, among other things.” For more information on this new structure, please visit: http://www.nytimes.com/2015/08/11/technology/google-alphabet-restructuring.html?emc=edit_na_20150810&nlid=57686763&ref=headline&_r=0
