Google’s Stock Spikes 6% On News Of Alphabet

What. The. Heck? Today Google unveiled a massive reorganization project, introducing a new umbrella company — Alphabet — which will include a number of entities, among them: Google, Google Ventures, Calico, Nest, Google X, and Fiber. Phew. Following the change, Sundar Pichai will become Google’s new CEO, following his appointment to “Product Chief” last year. It isn’t all the surprising to see Pichai take on the new role, but investors seem pretty excited about it.

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