Google co founders page and Brin are still on the board of the parent company

category:Finance
 Google co founders page and Brin are still on the board of the parent company


After this restructuring, alphabet has developed into a huge group. In addition to Google, its subsidiaries include Google venture capital, Google capital, Google Labs, Google x, biotechnology company calico, Life Science Research Institute verily, wind power system development company makani, etc. To set up a holding company, Google once explained that it wanted the core Google Internet service to be cleaner and more responsible, and allowed greater autonomy to operate businesses other than Internet services. Nestlabs, acquired by Google in 2014, operated independently under the system, but in 2018, it was no longer a separate business after being merged into the household devices department.

However, since 2019, Google has faced a series of crises. On the one hand, like Amazon and other competitors, Internet giants are facing increasingly strict government regulation, and Google is facing a wide range of antitrust investigations. On the other hand, Googles core digital advertising business shows signs of slowing down. In the first quarter, the growth rate of advertising business slowed down, and the profit in the third quarter was lower than that in 2018. Googles cloud computing is growing, but the company also wants to generate revenue through hardware.

According to the letter, Larry Page and Sergey Brin will continue to be members of alphabets board. Although its a great honor to be able to participate in the daily management of the company for a long time, we think its time to take on the role of proud parents - providing advice and care, rather than nagging every day. the two will continue to communicate with sandar picca, especially the topics they are passionate about.

Not only that, CO founders still own voting shares in the company. Larry Page holds about 5.8%, Sergey Brin about 5.6%, and sandar Picchi about 0.1%. According to the announcement, Google said its voting structure has not changed, that is to say, they will continue to hold a majority of voting rights for corporate decisions through a dual ownership structure. Google also released emails written by sandar Picchi. In the email, he said the only constant he saw in Googles 15 years was change. This transformation will not affect alphabet or the current daily work. At present, the market value of alphabet is close to US $900 billion, and the stock price has risen 23.9% so far this year. Source: new Beijing News Author: Liang Chen editor in charge: Wang Xiaowu Gu NF

Not only that, CO founders still own voting shares in the company. Larry Page holds about 5.8%, Sergey Brin about 5.6%, and sandar Picchi about 0.1%. According to the announcement, Google said its voting structure has not changed, that is to say, they will continue to hold a majority of voting rights for corporate decisions through a dual ownership structure.

Google also released emails written by sandar Picchi. In the email, he said the only constant he saw in Googles 15 years was change. This transformation will not affect alphabet or the current daily work.

At present, the market value of alphabet is close to US $900 billion, and the stock price has risen 23.9% so far this year.