Skip to content
Search AI Powered

Latest Stories

The New ABCs of Google: Restructuring under Alphabet.

The New ABCs of Google: Restructuring under Alphabet.
via Flickr user Martin Abegglen

Second Nexus Digest: NYTimes; Wired

Silicon Valley is in for a major shake up: Google just announced its plans to restructure. Essentially, the company is splitting off its internet business from its endeavors in technological innovation and finance; all will be run by a new parent company called Alphabet.

But fear not! Google is not exactly “under new management.” Google’s CEO and co-founder, Larry Page, will head up Alphabet as CEO; co-founder, Sergey Brin, will serve as President. The company has also announced that Sundar Pichai, Google’s acting Senior Vice President in charge of products, will take over as CEO of Google. Other companies that will be under Alphabet’s umbrella are Google Fiber (a high speed internet service provider), Google Ventures (a venture capital business) and Capital (a private equity company).

Page explained the reorganization in a blog post on Monday: “What is Alphabet? Alphabet is mostly a collection of companies. The largest of which, of course, is Google. This newer Google is a bit slimmed down, with the companies that are pretty far afield of our main Internet products contained in Alphabet instead.” The company’s extensive reorganization seems to have been inspired by pressure from Wall Street.  Notwithstanding the success of Google’s internet ventures (e.g., Google Maps, Youtube, Chrome, Android, etc.), investors have been more than a little perturbed by Google’s other forays into the worlds of pharmaceuticals and drones -- risky experiments that have not, on the whole, paid off. The new structure creates calmer waters for internet investors, while allowing the company to continue to explore and innovate.

Google has been aching to discover new ways to diversify its business while remaining true to its brand; Alphabet is an innovative way do just that and more.

More from News

Lady Gaga
David Jon/Getty Images for HBO

Lady Gaga Was Just Spotted In Paris—And Fans Think They Know Why

Lady Gaga recently fueled rumors regarding her potential performance at the 2024 Paris Olympics closing ceremony.

Speculation began on July 11 after French outlet Purepeople reported the news, and fans noticed that Thomas Jolly, the artistic director for the ceremonies, had followed Gaga on Instagram.

Keep ReadingShow less
Instagram screenshots of Tom Daley and cardboard bed

Diver Tom Daley Hilariously Tests Out 'Anti-Sex' Cardboard Beds For Paris Olympics Athletes

A couple of months ago, the internet was buzzing with news that "anti-sex" beds were installed at the Olympic village ahead of the 2024 summer games in Paris in an effort to keep competitors from... well, you know.

Thankfully for all of social media and, of course, the other athletes, British diver Tom Daley has arrived in Paris and conducted some field research on the beds, which are made from completely recyclable mattresses and cardboard frames.

Keep ReadingShow less
Chadwick Boseman; Kamala Harris
Sarah Morris/FilmMagic/Getty Images; Anna Moneymaker/Getty Images

Chadwick Boseman's Final Tweet Supporting Harris Resurfaces—And Fans Are Feeling Emotional

On Sunday, President Biden announced he would not be seeking a second term as president and pulled out of the presidential race.

Soon after, he endorsed Vice President Kamala Harris.

Keep ReadingShow less
Screenshot of Newt Gingrich discussing Jill Biden
Fox News

Newt Gingrich Ripped For Saying Jill Biden Shouldn't Attend Paris Olympics After Joe Dropped Out

Former GOP House Speaker Newt Gingrich was criticized after claiming that First Lady Dr. Jill Biden shouldn't "take taxpayer money" to attend the opening ceremony of the 2024 Olympic Games in Paris now that her husband, President Joe Biden, has dropped out of the race for reelection.

On Sunday, Biden announced he would drop out of the presidential race and readily endorsed Vice President Kamala Harris as his replacement. At 81, Biden faced increasing concerns within his party about his age and capacity to serve another term, along with fears of a potential loss to former President Donald Trump—who is 78—in November.

Keep ReadingShow less
Screenshot of Kamala Harris; Donald Trump
CBS News; Bill Pugliano/Getty Images

2020 Interview Of Kamala Harris Saying Trump Is 'Racist' Resurfaces—And People Are So Here For It

A 2020 interview of Vice President Kamala Harris agreeing that former President Donald Trump is a "racist" has resurfaced in the days since President Joe Biden dropped out of the 2024 race and endorsed Harris to be his successor.

Harris, who is of Tamil Indian and Afro-Jamaican ancestry, was asked the following question by host Norah O'Donnell during an appearance that year on 60 Minutes:

Keep ReadingShow less