And it's not even April 1st
Say goodbye to Google. Say hello to Alphabet.
Google Inc. says it is creating a new operating structure under a newly formed umbrella company it is calling Alphabet Inc. Co-founder and and current CEO Larry Page will lead the new company, while Sergey Brin, the other co-founder, will serve as president.
Google itself will be an operating unit and get a new CEO: Sundar Pichai, who had been running Android and Chrome.
It's not just a name change, but a reorganization of the company. In a blog post announcing the change, Page said they wanted a "slimmed down" version of Google, with other businesses, such as Life Sciences and the Calico biotech unit to be their own operating companies. Each unit, Page suggested, would get its own CEO