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Google’s stock soars 6% on Alphabet

Today Google revealed reorganization project, introducing a new umbrella company Alphabet which will include a number of entities, among them: Google, Google Ventures, Calico, Nest, Google X, and Fiber. Phew.

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As part of the change, Sundar Pichai will become Google’s new CEO, following his appointment to “Product Chief” last year.  During after-hours trading, Google — which will eventually trade under the name “Alphabet”  spiked 6 percent after closing slightly down for the day.

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