Google Bye bye, hello Alphabet

Google Inc has become alphabet Inc.

After US markets closed on Friday alphabet replaced Google as the publicly traded company that host Web search and advertising companies Google maps, YouTube and ventures "Moonshot" such as driverless cars.

Class A and Class C Google will automatically become an equal number of Class A shares alphabet and class C shares start trading on Nasdaq on Monday. The ticker symbols will not change.

Structural reform, announced in August, is intended to separate the company's core business of companies like driverless cars, contact lenses glucose-monitoring and high-altitude balloons connected to the Internet.

Sidewalk Google Labs, a company dedicated to providing technologies to improve urban infrastructure in the city, such as a program of free access, will also be a part of the business of the alphabet.

The main activities will be called Google and operate as a wholly owned subsidiary of the alphabet. Google Sundar Pichai lead.

Alphabet will be led by Google co-founder Larry Page and each of the companies will have its own chief executive.

From the fourth quarter of the company in January, the alphabet has two reporting units - Google and other companies as a whole alphabet.

Investors have encouraged the move, saying it will give them greater visibility in the financial results of the basic industries of high profitability of Google.

Alphabet business household products manufacturer Nido connected arm of Google Ventures venture capital, Google Capital, which invests in large technology companies are also included.