The media giant Google announced Monday that it’s no longer the media giant Google.
Instead, Google has become a slightly smaller company that belongs to the umbrella company, Alphabet.
“Alphabet is now a holding company for a lot of Google properties,” says Brad Stone, author of The Everything Store and a senior writer at Bloomberg Businessweek. Diverse organizations like GoogleX Labs and Nest also fall under Alphabet’s umbrella.
The new structure comes with shifts in company leadership, too — most notably, a new Google CEO, Sundar Pichai.