Guess what is abc.xyz , well these are not only 6 alphabets put together with a dot in between, but who own this URL – want to grab all alphabets.As per its web-site G is for Google , means they are going to define rest of the alphabets. Interestingly similar domains – alphabet.com & trademark for “alphabet” is owned by BMW and abc.com by Disney owned company.
Alphabet Inc, a company formed in October 2015 by Google founders Larry Page and Sergey Brin. Larry Page is the CEO & Sergey Brin is the President for its operations.This new entity deals in internet, healthcare, computer software, equipment, biotechnology, venture capitalist and expected to enter into many new segments.
On tuesday morning 2nd February 2016 , Alphabet became bigger than the peers like Apple and Exxon Mobil , is now heading towards new journey.Don’t think that this about all new businesses generated in just four months but in reality nothing has changed with what earlier scenario.
Alphabet the result of reorganization & restructuring of all subsidiaries now includes Calico, Google, Google Capital, Google Fiber, Nest Labs, Google Ventures, Google X and Verily.
Alphabet has a market share of USD 547 billion, followed by Apple with USD 529 billion.Still Google accounts for 99% of Alphabet’s revenue and Advertize revenue accounts for around 95% of Google’s revenue.
Apple touched the Mcap peak of USD 765 billion previously and with coming launch of new products Apple may regain the spot.Apple & Alphabet both would enter into Automobile segment and which may change & affect the scenario in segment.While Apple is dependent on its technology products like iPhone/iPad etc , Google is more balanced with its revenue dependent diversified product line.
Google and Apple both inspire billions of people to reach such level in short span of period, Facebook is way behind but catching up very fast in terms engagement with billions of population globally with its flagship product Facebook and Whatsapp which is expected to grab the more and more internet advertize market share.
Alphabet is also reminding us about Warren Buffett & GE story, which they started from one successful business and later expanded to many subsidiaries.
With its upcoming Google-X product line which is termed as “moonshots” may open new fortunes or Alphabet , but it will take time & billions of dollars from its reserve cash to change the scenario of its own business.Till the time Google is expected to lead the Alphabet business.
As rightly said by Larry Page on abc.xyz –
As Sergey and I wrote in the original founders letter 11 years ago, “Google is not a conventional company. We do not intend to become one.”
By appointing Sundar Pichai as CEO for its Google business, Larry Page and Sergey Brin have started their another big profile entrepreneurial adventure to create their another Google story.