Transcript for Alphabet Shakeup Spells Change for Google
Google will now be a subsidiary at alphabet a holding company like Berkshire Hathaway. Google co founders Larry Page will be CEO and Sergey Brin will be president Google said that alphabet was a reference to the many different. Parts of their company right on the other thing also is that they say it's an alphabet it's the best that they can make right they see this. Has really the future with Google needs to be longtime Google executives and archetype becomes Google CEO which will be one of several companies under alphabet. Google will continue to focus on Internet searches mapping and YouTube as to who will lead the other companies such as Google X nest Google car and Google ventures. That has yet to be announced tech analysts say while the news came as a surprise at first it ultimately make cents. A lot of people would argue that Google has gotten too big and too disparate and by dividing it into separate companies with the old Google being there at the biggest one. Makes it a little more entrepreneurial and a little left thought bureaucratic. At least potentially. So far so good the company's stock was up about 5% in after hours trading. The Lien Chan ABC 7 NEWS.
This transcript has been automatically generated and may not be 100% accurate.