What is Alphabet? Google's new parent company explained

Meet Alphabet, Google's new parent company that is boldly restructuring the ABCs of the search engine giant and its subsidiaries.
- Alphabet is meant to be a cleaner, more accountable holding company, says Google Co-founder Larry Page. He'll act as the Alphabet CEO, while Sergey Brin acts as the president.
- On the same move are formerly Google-owned companies and projects. This includes the more exciting or experimental divisions like Nest, Fiber, Calico and the always mysterious Google X.
- Google isn't going away, of course. It'll be slimmed down, with new directors at the top. This will allow Page and Brin to focus on the collective's bigger picture, or more appropriately, mosaic. Source