Market Cap: $579.5 Billion
Industry: Computer Services
Founded: 2015
Chief Executive Officer: Lawrence E. Page
Employees: 72,053
Sales: $89.92 Billion
Headquarters: Mountain View, California
Summary: Alphabet Inc. is a holding company; it engages in the business of acquisition and operation of different companies. It operates through the Google and Other Bets segments—the Google segment includes Internet products (search, ads, commerce, maps, apps, cloud, &c), and the Other Bets segment includes businesses such as Access, Google Fiber, Calico, Nest, Verily, and other Google initiatives. A relatively new company, Alphabet Inc. was created through a corporate restructuring of Google.
Why you should care: In 2017, Alphabet invested heavily in Cuemath, Lyft, and United Masters. They also acquired smartphone technology startup Redux, which specializes in turning smartphone screens into speakers. Eric Schmidt, the executive chairman, said that there may eventually be more than 26 Alphabet subsidiaries. He is currently meeting with CEOs of current and proposed Alphabet subsidiaries, foreshadowing massive growth in the coming years.
