Alphabet company goes live: Google reorganisation is official
The Mountain View, California-based company mentioned that it would create a new company with the aim of overseeing various projects and businesses that could change the world and that differ from the regular Internet-oriented portfolios that Google has been overseeing so far. These new possibilities include self-driving cars and ways to prolong human life.
Changing into Alphabet means that different divisions of Google will now have more independence. Nest takes care of internet-connected home appliances and Calico is researching ways to improve human life and health research.
A result of this reorganisation is the fact that the company will start to report its financial results by segments and not by cumulative results.