Google just announced a massive overhaul of its business structure

Google's founders just hit a massive reset
button on their business.
In a press release sent out Monday
afternoon, cofounder and CEO Larry Page
renamed and reorganized the company.
Google has been turned into a subsidiary of a
bigger company called Alphabet.
Alphabet will be a parent company that
oversees the new initiatives Google has been
launching as of late.
Larry Page is CEO of Alphabet. Sergey Brin,
Google's other co-founder, is the president of Alphabet.