G is for Google

#1

Post by dkasper » Mon, Aug 10, 2015, 8:45 PM UTC

G is for Google
googleblog.blogspot.com

Re: G is for Google

#2

Post by axyjo » Mon, Aug 10, 2015, 8:52 PM UTC

This is a big move, which might also possibly help with EU anti-trust accusations by splitting up the big-ol' monolithic GOOG into functionally separate units.

Re: G is for Google

#3

Post by rel » Mon, Aug 10, 2015, 8:53 PM UTC

Congratulations to Sundar!

Re: G is for Google

#4

Post by techwizrd » Mon, Aug 10, 2015, 8:53 PM UTC

I love how they buried the "Sundar Pichai is new Google CEO" bit in there. In any case, this sounds promising and it'll be interesting to see how this plays out.

Re: G is for Google

#5

Post by jordigg » Mon, Aug 10, 2015, 8:54 PM UTC

So all google divisions are now individual companies inside a conglomerated called Alphabet where Larry is the CEO and Sergei the President. Sundar Pichai is now the new CEO of Google. Is that right? Why do you think they are moving this way? Regulations? Taxes? What about Eric Schmidt?

I don't know much about trading, but look at that "after hours" spike! http://postimg.org/image/ho5ecyr99/

EDIT: All google subsidiaries are now subsidiaries of a conglomerated called Alphabet. Google is a subsidiary too. Google stock will now be Alphabet stock.

Re: G is for Google

#6

Post by aesthetics1 » Mon, Aug 10, 2015, 8:54 PM UTC

I do not know much about big business financials, but this seems like a move that would allow Google to separate its experimental or research-based businesses that do not turn a profit from its giant bulging revenue beasts. It will likely allow Google to post better quarterlies, and push their stock up even higher.

Appointing Sundar as CEO also allows them to focus more on the cool stuff in Alphabet and let Sundar run the meat and potatoes Google operations. Interesting moves.

Re: G is for Google

#7

Post by akhilcacharya » Mon, Aug 10, 2015, 8:54 PM UTC

Wow, this is really strange. Has there been any precedent for things like this?

Re: G is for Google

#8

Post by PascLeRasc » Mon, Aug 10, 2015, 8:54 PM UTC

Interesting. I suppose they'd fail PG's test of owning your own .com.

Re: G is for Google

#9

Post by _pdp_ » Mon, Aug 10, 2015, 8:55 PM UTC

axyjo wrote: post #2

This is a big move, which might also possibly help with EU anti-trust accusations by splitting up the big-ol' monolithic GOOG into functionally separate units.

I also think this is the case :)

Re: G is for Google

#10

Post by mattzito » Mon, Aug 10, 2015, 8:55 PM UTC

This seems largely, at my admittedly brief viewing, to try to quell some of the structural concerns around all of these "non-core" businesses that the Artist Formerly Known as Google are participating in.

I think it will streamline the management of all of these different businesses, at least make it clear where Larry and Sergey are focusing their efforts.