So what is going on with Alphabet? As Larry Page announced, Alphabet is a company created to own Google and all other Google companies. The new company will allow Google to pursue its ambitious goals without the fear of economic failure. That means that Google can remain profitable even if its moonshots fail. The new company will rule all other Google companies as they become independent from Google, like Nest, Fiber, Capital, Ventures, X Lab and others.
Now that Google is alone, Sundar Pichai, former head of android, Chrome and apps will became CEO of Google. Larry Page and Sergey Brin will become CEO and President of Alphabet. Everyone seems happy with the news, except investors who might be a little confused. Also Google stock will become Alphabet Stock and as of today, alphabet is now one of the largest companies in the world.