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Wow, this is really strange. Has there been any precedent for things like this?
Will Google split off Android as a "separate company" under Alphabet to try to hide it from the EU's crackdown? This is the most traditional-corporation definitely-evil move Google has ever made, whether their letter claims otherwise or not.
The idea that they're "hiding" from the EU crackdown is ridiculous. They know perfectly well it doesn't work like that.
Earlier quoted context omitted.
Wave, Plus, Glasses at least. If we are to include less ambitious stuff, Google Video, Orkut, Chromebooks (never went far), Reader, Google Code, Dart, nothing much came out of Morotola, etc. And let's see were those "self driving cars" will go, market-wise...
Aren't Chromebooks the best selling laptop on amazon or something?
It's around 5-6 million units sold anually, but, as Google themselves said, Google don't make any money of off them.
Samsung, Acer, etc, who produce the units do, but again, in total it represents a tiny slither of laptop profits due to the small margins. Most Chromebooks (70%) go to the education market as cheapo laptops.
https://www.google.com/search?q=abc.xyz No Alphabet there.
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 subsidia…
I'd assume it was a move to make failure easier. Sclerosis is the natural fate of large corporations but variation and selection is an obvious way to help with that.
From the abc.xyz source code: Sergey and I are seriously in the business of starting new things. Alphabet will also include our X lab, which incubates new efforts like Wing, our drone delivery effort http://www.hooli.xyz/" target="_blank" class="hidden-link">.
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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 subsidia…
The intent is faster speed, greater independence and run like leaner startup. Also, additional career paths for employees, especially for the senior folks aspiring to be CEO.