Larry Page and Sergey Brin left his charges to the front of the Alphabet, the parent company of Google

The ceo of Alphabet, Larry Page announced Tuesday his resignation to the post to “simplify the management structure” of the company, and he will be replaced by the maximum responsible of Google, Sundar Pichai, who collated both charges.Larry Page founded Google in 1998 along with Sergey Brin and he became ceo of Alphabet from 2015, when the company was created as a company “umbrella” of Google to keep separate the different lines of business of a firm is increasingly diversified.Precisely Brin also reported that he abandons his post as president of Alphabet, a charge primarily honorific, and that will disappear with the departure of co-founder.”With Alphabet already well established and Google and the other bets operating effectively as independent companies, it is the time of natural simplify the management structure”, indicated by Page and Brin in a joint letter formalized the resignations”we have Never been people who stick to positions when we believe there is a better way of managing the company”, said.For his part, Pichai, who has been in the company since 2004 and prior to directing Google had led the teams of Android and Chrome, said to be willing to “continue working” with Page and Brin from his new position.Despite the fact that you will no longer have a management position in the company, Page will continue to be a voice featured in Alphabet and Google, both because of its status as co-founder as by the fact that controls 5.8% of the shares, next to the 5.6% who controls his partner and friend Sergey Brin.Page and Brin founded the company in the search engine online in September 1998 in the garage of their friend Susan Wojcicki in Menlo Park (California, USA) as a research project of two phd students at Stanford University.In a few years, Google could find its niche in the market surpassing its then-competitors, AltaVista, Yahoo!, Hotbot and, among others, and has been consolidated in final form to survive the bursting of the bubble of the puntocoms in 2000.Since then, the empire with headquarters in Mountain View (California) has grown exponentially to become a business that enters annually more than 100,000 million dollars (85.000 million euros).Besides search, Google also has a monopoly almost all of the advertising revenue on the internet, although in this case shared with Facebook.Advertising online generates is only in the U.S. more than 70,000 million dollars a year, an amount of higher to that generated by the ads on tv,, and it is estimated that over 90% of the annual growth lies with Google and Facebook.
20MINUTOS.IS – Technology

Larry Page and Sergey Brin left his charges to the front of the Alphabet, the parent company of Google
Source: english  
December 3, 2019

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