Alphabet Inc.

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Alphabet Inc.

logo
legal form Corporation
ISIN US02079K1079
founding October 2nd, 2015
Seat Mountain View , California , United States
United StatesUnited States 
management Sundar Pichai ( CEO )

John L. Hennessy (Chairman)
Ruth Porat (CFO)

Number of employees 118,899 (December 2019)
sales 162 billion dollars (December, 2019)
Branch Internet services and commerce, advertising, software development, health, biotechnology, investment, technology
Website abc.xyz

Company structure of Alphabet Inc. 2017

Alphabet Inc. is a listed US holding of the former Google LLC , which however continues to exist as a subsidiary . It is based in Mountain View in Silicon Valley . The company is led by Sundar Pichai as CEO .

With a turnover of 137 billion US dollars , a profit of 30.7 billion US dollars and a market value of 863.2 billion US dollars, Alphabet Inc. ranks 17th among the world's largest companies according to Forbes Global 2000 (as of 4th November 2019). The company had a market cap of $ 766.4 billion in early 2018. In 2019, Alphabet had annual sales of $ 161.9 billion and annual profits of $ 34.3 billion.

history

The parent company was founded as part of the restructuring of Google , which was first announced on August 10, 2015. The existing shares of Google were automatically converted into Alphabet shares at a ratio of 1: 1, the share abbreviations are still called GOOGLE or GOOGLE .

Since October 2nd, 2015, Google LLC has been a subsidiary of Alphabet Inc. The core business of Internet services will retain the name Google . The previous Google boss Larry Page changes with Sergey Brin to the head of the newly created holding. Google LLC, on the other hand, runs Sundar Pichai .

According to Page, the new structure should help to plan for the long term and to achieve more ambitious goals. He is aiming for positive effects for future investments and more transparency and control. He and Brin chose the name alphabet because it stood for language itself - one of the most important inventions of mankind. In a blog post he wrote, “In the tech industry, where revolutionary ideas are driving the next big growth areas, you have to be a little uncomfortable to stay relevant. […] Our company works well today, but we believe we can do it easier and more responsibly. So we're starting a new company called Alphabet. I am really excited to lead Alphabet as CEO with the help of my capable partner Sergey as President. "

The internal company motto Don't be evil was abandoned in favor of Do the right thing . Since the internet domain alphabet.com is used by the BMW subsidiary Alphabet Fuhrparkmanagement GmbH , the URL abc.xyz and abcdefghijklmnopqrstuvwxyz.com were first saved. The second of these is currently not in use.

Alphabet Inc. was ranked the world's most valuable company based on the number of shares outstanding at $ 570 billion as of February 1, 2016. However, as of February 4, 2016, Apple has been rated higher.

On December 3, 2019, Page and Brin announced their resignation from their posts at Alphabet in a blog post. Since then, Google's CEO Sundar Pichai has also led Alphabet as managing director.

Related companies

In January 2020, Alphabet Inc. comprised the following subsidiaries:

Companies Products
Access & Energy Operates networks, including fiber
Calico Biotechnology , genetic engineering
DeepMind Application of artificial intelligence
CapitalG (previously Google Capital) investment
Google
Google Fiber Project to build fiber optic networks
Jigsaw Technology incubator
Loon Realizes internet access
Sidewalk Traffic management , advertising material
Verily Life Science Life sciences
GV previously Google Ventures - venture capital financing
Waymo Self-driving cars
Wing Development and operation of delivery drones
X Research (e.g. Google Glass , Project Loon )

Web links

Commons : Alphabet Inc.  - collection of pictures, videos, and audio files

Individual evidence

  1. ↑ ALPHABET SHARE | Share price | News | Course | (A14Y6H, Goog). In: finanzen.net. Retrieved July 11, 2016 .
  2. ↑ a b Annual Report 2019. Retrieved July 3, 2020 .
  3. ↑ Google founders: Larry Page and Sergey Brin step down . In: Spiegel Online . December 3, 2019 ( spiegel.de [accessed December 4, 2019]).
  4. ^ Forbes Global 2000 . In: Wikipedia . September 10, 2019 ( forbes.com [accessed November 4, 2019]).
  5. ^ Forbes Global 2000 . In: Wikipedia . September 10, 2019 ( forbes.com [accessed November 4, 2019]).
  6. ^ Alphabet on the Forbes Growth Champions List . In: Forbes . ( forbes.com [accessed July 17, 2018]).
  7. ^ Daniel AJ Sokolov: For the first time YouTubes reveal advertising income. In: Heise Online. February 4, 2020, accessed February 4, 2020.
  8. ↑ Andreas Proschofsky: Alphabet: Google with a new parent company and new boss. In: derStandard.at . August 10, 2015, accessed August 11, 2015 .
  9. ↑ Founders rebuild internet company - Google becomes Alphabet. In: tagesschau.de. August 11, 2015, accessed August 11, 2015 .
  10. ^ Daniel AJ Sokolov: Revolution at Google: spin-offs and a holding. In: heise online . August 11, 2015, accessed August 11, 2015 .
  11. ↑ 8-K. In: sec.gov. Retrieved February 4, 2016 .
  12. ↑ Google is converting to Alphabet Holding. In: heise online. Retrieved February 4, 2016 .
  13. ↑ Google founds new parent company called Alphabet. In: ZDNet.de. Retrieved February 4, 2016 .
  14. ↑ Eike Kühl: Alphabet: Google says what is bad. In: Zeit Online. Retrieved February 4, 2016 .
  15. ↑ Alphabet URL: Google buys “abcdefghijklmnopqrstuvwxyz.com”. In: N24.de. Retrieved February 4, 2016 .
  16. ↑ Google is the most expensive company. In: news.ORF.at. February 1, 2016, accessed February 4, 2016 .
  17. ↑ Alphabet's time at the top short-lived as Apple again becomes world's most valuable company. In: 9to5mac.com. Retrieved February 4, 2016 .
  18. ^ A letter from Larry and Sergey. December 3, 2019, accessed December 4, 2019 .