Google Creates New "Alphabet" Holding Company
As part of a major reorganization, Google will become part of Alphabet, a new entity a bit like a holding company that provides greater transparency for investors.
Alphabet will be a collection of companies, the largest of which is Google, and ABC.xyz will be parent's new web address.
The more speculative entities--moonshots--will be housed separately in Alphabet.
Life Sciences (that works on the glucose-sensing contact lens), and Calico (focused on longevity) are examples.