Google (GOOGL) stock rose on Tuesday after the search leader’s surprise announcement late Monday that it was restructuring and creating a new holding company to oversee its wide-ranging business units that range from its core Internet search business to its moonshots such as self-driving cars, drones and glucose-monitoring contact lenses. Google got at least two price target boosts and three upgrades as analysts widely praised the creation of the
Google late Monday announced a corporate restructuring that includes a new name — Alphabet — for the overall corporation. The Google (GOOGL) business — including search, YouTube, Android and most of the existing company — will be the biggest company within Alphabet. Google CEO Larry Page will become CEO of Alphabet, and Google co-founder Sergey Brin will be Alphabet’s president. Google has not had anyone in the president’s role. Sundar Pichai,
Alibaba Group (BABA) CEO Jack Ma is the only non-U.S. billionaire to crack the top 10 in Forbes’ first-ever listing of the 100 richest people in the technology industry, which includes the widow of Apple’s (AAPL) Steve Jobs. Seven women made the Forbes list. Laurene Powell Jobs is the only person with Apple ties making the top 100. The list includes six people who work or have investment ties to Facebook (FB), five from Google (GOOGL) and three