Twitter reacts: Google to restructure as a new company called Alphabet
Google just re-invented the Alphabet.
The Silicon Valley giant unexpectedly announced a massive restructuring effort that includes forming a new umbrella company, called Alphabet, to house its suite of organizations. On its newly launched website (accessible at abc.xyc, obviously), former Google CEO and now Alphabet CEO Larry Page said the transition will make the companies “cleaner and more accountable.”
Besides Google, the new parent company owns its research arm Calico, X labs, Ventures and the drone-delivery unit Wing — just to name a few. Google cofounder Sergey Brin will be Alphabet’s president while Sundar Pichai, who led Google’s Android, Chrome and Apps, will become Google’s new CEO.
Finally, Google stock will transform into Alphabet stock. Confused? So is everyone on Twitter. Here’s how it went down:
Quite a few people made the joke that Google is rebranding to the similarly named cereal:
big fan of this google rebrand pic.twitter.com/hXSScf9pSg
— Erik Malinowski (@erikmal) August 10, 2015
Google has also acquired Alpha Bits cereal pic.twitter.com/jzvxlNLnt4 — Anthony Quintano (@AnthonyQuintano) August 10, 2015
I hope they name the press release blog Alpha-bits.
— Bridget Carey (@BridgetCarey) August 10, 2015
Others figured out that Google is close to owning a product with each of the 26 letters:
Android Blogger Chrome Docs E Feedburner GOOGLE H iGoogle J Knol Latitude Mobile News Orkut Picasa Q Reader Sites Talk U V W [X] YouTube Z — Owen Williams (@ow) August 10, 2015
And then came the logo recreations:
— d™ (@darth) August 10, 2015
Logo concept for Alphabet pic.twitter.com/nTrcAqQyho — Ben Sandofsky (@sandofsky) August 10, 2015
Politico editor Alex Weprin discovered a weird tie-in with HBO’s “Silicon Valley”:
Step one: go to https://t.co/mK7lm118Ee Step two: click the period after “drone delivery effort. Step three: enjoy. pic.twitter.com/2y0HguSVSM
— Alex Weprin (@alexweprin) August 10, 2015
And then there were the memes and jokes:
— Dave Itzkoff (@ditzkoff) August 10, 2015
Google (2000): Don’t be evil Google (2015): We renamed our parent company after the entire system of written communication for some reason — Dave Itzkoff (@ditzkoff) August 10, 2015
The Onion never learns pic.twitter.com/JKFO2n1rX7
— Ben Dreyfuss (@bendreyfuss) August 10, 2015
A Benghazi C D E F Google H I J K L M NoLabels O P Q R S Trump U V W X Y Zoo, We Bought One — Ben Dreyfuss (@bendreyfuss) August 10, 2015
Poor Chris Andrikanich, the owner of @alphabet on Twitter, didn’t expect this today:
Well, that was an interesting way to end a Monday…
— Chris Andrikanich (@alphabet) August 10, 2015
Lastly, remember these guys?
Meanwhile… pic.twitter.com/LVeVWqVlsM — Chris Messina (@chrismessina) August 10, 2015
Media Briefing: Publisher execs fear lack of visibility for Q3, but feel steady year over year
Publisher execs share how Q2 shook out for their businesses as they brace for an equally murky second half.
Digiday+ Research: Nearly two-thirds of publishers think they will lose when the third-party cookie dies
Publishers have been busy prepping for the end of the third-party cookie, but that doesn't mean they think they'll come out on top in the post-cookie era. In fact, publishers count themselves among those who stand to lose from the end of the cookie.
Spotify cancels six true crime podcasts amid layoffs, Gimlet-Parcast merger
Spotify is canceling six shows and laying off 200 people as it merges its Gimlet and Parcast units to push its podcast business towards profitability.
SponsoredWhat the measurement and currency discussion really means to TV advertisers
Ali Mack, head of TV and agency, Experian Major streaming video providers have recently made headlines by adopting new currencies for ad measurement, threatening Nielsen’s long-standing TV ratings monopoly. NBCUniversal, for example, has certified iSpot and VideoAmp as currencies for advanced audiences and formed the Joint Industry Committee with Paramount, TelevisaUnivision and Warner Bros. Discovery. […]
As AI spreads across the marketing landscape, data’s role will be key to success or danger
There’s a growing awareness of the risks inherent in AI's ultra-powerful potential, but whether enough steps are being taken to mitigate them remains a huge question mark.
‘Not the future’: European publishers remain steadfast in blocking alternative IDs to third-party cookies
Some European publishers believe alternatives to the third-party cookies, probabilistic or deterministic, will do more harm than good to their ads businesses.