The biggest Internet-based tech company in the world has major announcements for us today. The latest news on Google Inc. is that it has renamed itself as Alphabet. Alphabet is now the umbrella company that owns Google and the other companies that Google owned. Google founders Larry Page and Sergey Brin will run Alphabet as CEO and President, respectively, while Sundar Pichai will be the new CEO of Google under Alphabet.

What is Alphabet? Alphabet is mostly a collection of companies. The largest of which, of course, is Google.

In an official blog post, former Google CEO Larry Page claimed that the major restructuring is to make “things cleaner and more [...]