Google said that its long-awaited Alphabet restructuring will happen at the end of the day on Friday.
Tonight, the Google we know will cease to exist. Tonight, a new company named Alphabet will be born.
After the closing of trading on Friday, Google’s Class A and C stocks will start trading as Alphabet Class C Capital Stock and Alphabet Class A Common Stock, on the Nasaq.
Company co-founder Larry Page has hoped that this restructuring will help the company to be more focused in new areas like healthcare and automobile.
Did you miss the real reason why Google restructured itself under the conglomerate known as Alphabet? Know the reason in our in-depth Google-to-Alphabet article.
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