Bye bye Google, hello Alphabet

Before you go, we thought you'd like these...
Before you go close icon
Google Becomes Alphabet, Looks Exactly the Same

Google Inc has morphed into Alphabet Inc.

After U.S. markets closed on Friday, Alphabet replaced Google as the publicly traded company that will house Google's search and Web advertising businesses, maps, YouTube and its "moonshot" ventures such as driverless cars.

RELATED: Check out this gallery of the weirdest and most beautiful things on Google Street View

Google Street View
See Gallery
Bye bye Google, hello Alphabet
Photo: Google
Photo: Google
Photo: Google
Photo: Google
Photo: Google
Google Street View takes you to the rugged roads and icy lakes of Mongolia
LOVE this: Google Street View maps uncharted #Mongolia using backpacks & horse-drawn sleds
Dive the great reefs of the world on Google Street View
80 funny, creepy, strange, disturbing Google Street View Images via @lassyalone
Scary - Google Street View Captures Some Shocking Photos (10 Photo Series)
Google street view captured something awesome! #situations #street #GoogleMaps
Google Street View has caught an armed robbery on camera
These 15 incredible animal photos were captured by the Google Street View cameras.

Google's class A shares and class C shares will automatically convert into the same number of Alphabet class A shares and class C shares and start trading on the Nasdaq from Monday. The ticker symbols will not change.

The structural overhaul, announced in August, is intended to separate the company's core businesses from ventures such as the driverless cars, glucose-monitoring contact lenses and Internet-connected high-altitude balloons.

Google's Sidewalk Labs, a company dedicated to coming up with technologies to improve urban city infrastructure such as a free WiFi program, will also be a part of the Alphabet business.

The core businesses will be called Google and operate as a wholly-owned subsidiary of Alphabet. Sundar Pichai will head Google.

Alphabet will be run by Google co-founder Larry Page and each of its businesses will have its own chief executive.

Starting from the company's fourth quarter in January, Alphabet will have two reporting units - Google and all other Alphabet businesses taken as a whole.

Investors have cheered the move, saying it will give them greater visibility into the financial performance of Google's highly profitable core businesses.

Alphabet's businesses will also include connected home products maker Nest, venture capital arm Google Ventures, and Google Capital, which invests in larger tech companies.

More from
Most adorable techie proposes to girlfriend with homemade video game of their relationship
Why your iPhone snooze is set at 9 minutes and not 10
Self-driving taxis are hitting the roads in Japan very soon

Read Full Story

Sign up for Breaking News by AOL to get the latest breaking news alerts and updates delivered straight to your inbox.

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

People are Reading