Larry:- Alphabet is mostly a collection of companies.
Alphabet Inc. will replace Google Inc. as the publicly-traded entity and all shares of Google will automatically convert into the same number of shares of Alphabet, with all of the same rights. Google will become a wholly-owned subsidiary of Alphabet. Two classes of shares will continue to trade on Nasdaq as GOOGL and GOOG.
Congratulations to +Larry Page +Sergey Brin +Sundar Pichai + Good luck!
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