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Google To Become Alphabet Friday Afternoon

Can you spell Google Inc (NASDAQ:GOOG)? Well, you better start with the letter "A" as of Friday afternoon as Google Inc. announced its reorganization into a holding company named Alphabet Inc. will occur following the close of trading on Friday. The tech titan made the move to boost the profitability of its main online advertising businesses and at the same time giving new projects more room to expand.

Google Alphabet

According to Friday's press release, Google’s Class A and C stock will begin trading as Alphabet Class C Capital Stock and Alphabet Class A Common Stock, respectively, on the Nasdaq global index on Monday. However, the legal restructuring will not change the ticker symbols, which will remain GOOG and GOOGL. The company...