Google today officially becomes Alphabet – Investing.com Spain

San Francisco (USA), October 2 (EFE) .- The technology company Google (NASDAQ today officially becomes Alphabet at the close of New York Stock Exchange and will begin trading under that name on Monday in the markets.

Google announced in early August the creation of Alphabet, the business umbrella under which the firm based in Mountain View (California) groups now all divisions.

The conglomerate includes Google and other six companies, including Calico, dedicated to research on longevity and signature smart home devices and Fiber Nest, the division seeks to bring high speed internet to different parts of the US.

The new corporate umbrella also includes Google X, the research division that develops ambitious projects as the self vehicle.

Also on the conglomerate Google Ventures, the venture capital arm of Google, and Google Capital, a division that invests in the final stages of financing emerging companies (start-ups).

Larry Page and Sergey Brin, co-founders of Google, said when the announcement was made in August, that the object to the restructuring is to have more room for maneuver, allowing them to manage operations that are not closely related.

It is expected that from the fourth quarter of this year, Google provide different financial results for the core business, which includes search engine, ads, YouTube, Android and Chrome- browser and the rest of the Alphabet divisions together.

Google’s revenues totaled 66,000 million dollars last year. Advertising, both in the search and YouTube, accounted for 89% of the total.

The sale of mobile applications, as well as music and movies on your Store Play through Android phones, represent the second largest source of revenue for the company

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