Alphabet Inc. is a holding company that was formed from the restructuring of Google in 2015. It became the parent company of Google and its other subsidiaries, allowing Google to focus on its core internet products and services. Alphabet’s other subsidiaries include companies like Verily (life sciences), GV (venture capital), Calico (longevity research), and X (moonshot projects), according to LinkedIn.
Key points about Alphabet:
- Holding Company: Alphabet serves as a holding company, meaning it owns and manages other companies instead of operating them directly.
- Parent of Google: Google is a wholly-owned subsidiary of Alphabet, according to Investopedia.
- Diverse Subsidiaries: Alphabet’s portfolio includes a wide range of businesses beyond Google, including those focused on life sciences, venture capital, and innovative projects.
- Restructuring: The restructuring aimed to give Google more focus on its core internet business and allow its other, more diverse subsidiaries to operate more independently, according to Britannica.
- “Other Bets” Segment: Alphabet’s non-core businesses are grouped into a segment called “Other Bets,” which includes companies like Waymo (self-driving), Verily, and Calico, according to Forbes.
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