Google Restructures, Is Now Alphabet, Inc. 

Yesterday, seemingly out of nowhere, Google has announced the creation of its new parent company, Alphabet, Inc.
Alphabet, Inc. will be more of a holding company, connecting the loosely related product groups floating around Google. Google will now be run by Sundar Pichai, the former SVP of Product, and will contain search, Android, Chrome, and YouTube. Directly under Alphabet control will be Google X, Nest, Fiber, and some of [old] Google’s other more outlandish projects.