MAJOR structural changes at Google announced by Larry Page https://plus.google.com/+LaurenWeinstein/posts/EQXfq4rpjaH
Major structural changes at Google as Larry Page announces the creation of a new company named: "Alphabet" The full announcement is here: https://abc.xyz/ -- but reports are coming in to me of people unable to access that page, presumably due to problems with the dot-xyz gTLD. Here is a local PDF copy if you need it: http://lauren.vortex.com/alphabet.pdf And here are a few of my own "executive summary" bullet points and thoughts: -- Google stock transfers to Alphabet stock, but trading under the same ticker symbols as before (GOOGL and GOOG). -- Google becomes a wholly-owned subsidiary of Alphabet -- Larry moves to CEO of Alphabet. Sergey Brin moves to President of Alphabet. Sundar Pichai moves up to CEO of Google (special congratulations, Sundar!) -- "Non-core" Google efforts -- such as Health, Drones, Capital, Venture, X lab, etc. move to Alphabet. (This is likely to please those investors who have -- unwisely in my opinion -- not understood the long-term value and importance of Google's "moonshot" efforts.) There's much more of course. My immediate reaction to all this is very positive. The implementation details naturally matter mightily, but this looks to be good for Alphabet/Google, Internet users, and the global community at large. Great work! P.S. The announcement is also now available at: http://googleblog.blogspot.com/2015/08/google-alphabet.html --Lauren-- Lauren Weinstein ([email protected]): http://www.vortex.com/lauren Founder: - Network Neutrality Squad: http://www.nnsquad.org - PRIVACY Forum: http://www.vortex.com/privacy-info Co-Founder: People For Internet Responsibility: http://www.pfir.org/pfir-info Member: ACM Committee on Computers and Public Policy Lauren's Blog: http://lauren.vortex.com Google+: http://google.com/+LaurenWeinstein Twitter: http://twitter.com/laurenweinstein Tel: +1 (818) 225-2800 / Skype: vortex.com _______________________________________________ pfir mailing list http://lists.pfir.org/mailman/listinfo/pfir
