Alphabet is a collection of companies, with Google being the largest among them. The company aims to make smaller bets in areas that may seem speculative or strange compared to its current businesses, with a focus on doing important and meaningful things with its resources. Alphabet operates with strong leaders and independence, allowing each business to run independently and be managed by a CEO, while capital allocation and overall performance are rigorously handled by the company.
With a new structure, Alphabet aims to keep its focus on the extraordinary opportunities within Google, while also incubating new efforts through its X lab and growing its investment arms. The company believes in staying relevant by embracing revolutionary ideas and being a bit uncomfortable in the technology industry. Alphabet Inc. replaces Google Inc. as the publicly-traded entity, with Google becoming a wholly-owned subsidiary of Alphabet.
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