Here are all the companies and divisions within Alphabet, Google's parent company

• Avery Hartmans
 

• Oct. 6, 2016, 12:37 PM
• 125,994

Thomson Reuters

It's been exactly a year since Google blew up its entire corporate structure to form a new parent company: Alphabet.

The shake-up happened with the idea that it would allow all of its businesses to operate more effectively and efficiently, a move the company was said to beconsidering for four years. The move allowed CEO Larry Page tostep back from day-to-day operations to "focus on the bigger picture."

Now, Alphabet is a massive corporation — ranking in size behind Apple, Samsung, and Microsoft — that encompasses everything from internet-beaming hot air balloons to self-driving cars to Google Cloud. 

Here's how all of Alphabet's companies fit under the umbrella. 

View As: One Page Slides

Google officially became Alphabet in October 2015 with the aim to allow its different businesses to operate independently and move faster. Each division has its own CEO, with Google cofounder Larry Page taking the helm of Alphabet.

Chris Hondros/Getty Images

There are several companies under Alphabet, but some bigger division include Google, which encompasses several different divisions, and X, which houses the "moonshot" projects.

A Google X Project Loon balloon.Google+/Life at Google

Let's start with the smaller units under Alphabet.

Flickr/MTSOfan

Nest builds smart thermostats and other home devices, like outdoor security cameras. The company was acquired by what is now Alphabet in 2014, and in June of this year, CEO Tony Fadell stepped down but remains within Alphabet. He was replaced by Marwan Fawaz.

George Frey/Getty Images

Alphabet's Access & Energy division includes Google Fiber, which launched in Kansas City in 2012. Fiber is billed as an alternative high-speed internet and TV service to traditional cable companies and currently has about 200,000 subscribers.

Google

Source: Business Insider

Google's life sciences unit was formerly part of Alphabet's research and development unit, Google X. The unit renamed itself to Verily in 2015 and became a company under the Alphabet umbrella. Verily focuses on healthcare and disease prevention research.

Shutterstock

Source: Business Insider

Sidewalk Labs is an Alphabet company founded in 2015 to focus on urban innovation. Led by Dan Doctoroff, Sidewalk Labs aims to find new ways to improve cities through technology. The company is moving into a new space in New York City's Hudson Yards redevelopment.

Courtesy Related Companies

Source: Business Insider, Hudson Yards

Calico launched in 2013 with the aim to "cure death." The Alphabet-owned company has invested millions to develop drugs that could help prolong human life by fighting age-related diseases like cancer or Alzheimer's.

REUTERS/ Christian Hartmann

Source: Business Insider

GV is Alphabet's early-stage venture arm. Formerly known as Google Ventures, GV has $2.4 billion under management and more than 300 companies invested in, including Uber, Flatiron Health, and Slack.

Business Insider/Corey Protin

Source: Business Insider

The "think tank" division within Alphabet was spun off into a company called Jigsaw early in 2016. Led by Jared Cohen, Jigsaw uses technology to tackle geopolitical problems like online censorship, extremism, and harassment.

Dave Kotinsky/Getty Images

Source: Business Insider

Google Capital is Alphabet's growth equity investment fund. Its mission is purely financial returns, but unlike GV, Google Capital focuses on later-stage startups. Some of its investments include Airbnb, Glassdoor, and Thumbtack.

Thomson Reuters

Source: Business Insider

Google DeepMind focuses on artificial intelligence research. Acquired in 2014 for $500 million, DeepMind has focused on adding artificial intelligence throughout Google products, including search. The DeepMind AI can also teach itself how to play arcade games and can play board games against humans.

Google DeepMind

Source: Business Insider

There are also a few divisions under Google X, Alphabet's moonshot factory. Google X is helmed by Astro Teller.

Astro Teller, head of the Google X lab, wearing Google Glass.Flickr/Techcrunch

Google's Self Driving Car Project has been working for the past 7.5 years to develop fully autonomous vehicles. While it's currently a part of Google X, the self-driving car unit will become its own Alphabet company in 2016. The cars have now driven two million miles, but have not yet become available for commercial use.

AP

Source: Bloomberg, Google

Project Loon is a Google X "moonshot" under director Astro Teller. Project Loon aims to bring internet to two-thirds of the world's population using internet-beaming hot air balloons.

Screenshot

Source: Business Insider

Project Wing is also part of Google X. The commercial drone delivery service is set to launch in 2017, but it made headlines in September when it flew Chipotle burritos to Virginia Tech students.

Google

Source: Business Insider

Titan Aerospace was acquired by Google in 2014 and has since been renamed Project Titan as part of Google X. Project Titan builds solar-powered drones that are built to fly nonstop for years and beam internet around the world.

Titan Aerospace

Source: Business Insider, Business Insider

Then there's Google itself. All of Alphabet's "traditional" products — like Chrome, the new Pixel phone, Google Home, and Google Play — are still housed under Google, which is helmed by CEO Sundar Pichai.

Reuters/Beck Diefenbach

YouTube was acquired in 2006 and remains a subsidiary of Google. The video hosting site is run by Susan Wojcicki.

FilmMagic for YouTube

Google's core product, the web search, still falls under the Google umbrella. There are more than 2.3 million Google searches per minute, which adds up to more than 100,000,000,000 Google searches per month.

PHILIPPE HUGUEN/AFP/Getty Images

Source: Business Insider

Google Maps is part of Google's core business and now has more than 1 billion monthly users.

Google Maps

Source: Business Insider

Google's technical infrastructure team aims to make Google's services faster and more reliable for users. The team builds and runs large scale software systems and infrastructure.

Justin Sullivan/Getty Images

Source: Google

Google AdSense lets publishers earn money from online content, placing ads on publishers' webpages. Advertising drives the majority of revenue for Google.

Google

Google Apps for Work include Hangouts, Calendar, Mail, Plus, and Drive. According to Google, millions of businesses are now using the service.

Google

Source: Google

Android is Google's mobile operating system. The company frequently rolls out new versions, all named after different desserts. The current version, 7.0, is named Nougat, but previous iterations have been named KitKat, Lollipop, and Marshmallow.

Flickr/etnyk

Source: Business Insider

Google renamed Google Enterprise to Google for Work in 2014. It includes the Google Cloud Platform, which lets companies pay by the minute for essentially unlimited supercomputing power.

Sean Gallup/Getty Images

Source: Business Insider

ATAP, which stands for Advanced Technology and Projects, is a secretive Google division that works on projects like Jacquard, which makes smart fabric; Soli, which uses radar for touchless gesture control; and Spotlight Stories, which creates short VR films.

Matt Weinberger

Source: Business Insider

SEE ALSO: Here's what Wall Street is saying after Google's big hardware event

More: Features Google Alphabet Sundar Pichai 

Why the market is freaking out about Tesla

• Matthew DeBord
 
•   

• 4h
• 8,53

Tesla CEO Elon MuskReuters/Bobby Yip

Tesla Motors  $197.05

TSLA

+/--4.03

%-2.00

Disclaimer

See Also

For 3 months in 2015, Tesla did something we've almost never seen before

Labor force participation ticks up

Average hourly earnings keep growing

Financial opinions around Tesla are once again lurching wildly.

This always seems to happen when there's a moment to reassess the electric-car maker's stock. On Sunday, Tesla announced that it had greatly exceeded delivery expectations for the third quarter, with 24,500 vehicles officially sold to customers.

That news didn't send the stock on a run. After a modest 5% bump, Tesla shares slipped back to around $210.

Then they fell off a cliff on Thursday, when Goldman Sachs downgraded its Tesla rating to "neutral" and dropped its target price to $185 from $240. This follows a much more substantial downgrade by Morgan Stanley's reliable Tesla bull, Adam Jonas, who had earlier pulled back his target price to $245 from a lofty $465.

For many analysts, Tesla has nowhere to go but down, given that the company has probably achieved as much rapid growth as was possible and now has all its value effectively "priced in." That situation offers a $30 billion market cap and a return of over 1,000% for the earliest Tesla investors — those who got in back in 2010, when shares were $17.

But for the past year, it's been slowly dawning on Tesla analysts that this onetime high-tech, high-growth company out of Silicon Valley isn't the Amazon of automobiles. Rather, it's a maturing carmaker, a new entrant in one of the most capital-intensive businesses yet devised by humans.

Burn, baby, burn

Ouch.Google Finance

Putting aside worries about Tesla's other business lines — the $2.6 billion SolarCity acquisition, the emerging energy-storage enterprise, the $6 billion battery factory in Nevada — all attention has now shifted to near certainty that Tesla will once again need to sell shares to raise money, several billion in all likelihood.

Market observers have griped that there's a deep conflict of interest between banks such as Morgan Stanley and Goldman Sachs grabbing Tesla's stock issuances at the same time they're making calls on its share price, but at the moment, those banks look as though they're trimming their expectations for Tesla as an investment.

Tesla isn't going to get a free pass on its capital burn forever. At the moment, capital discipline is all the rage in the auto industry. Fiat Chrysler Automobiles CEO Sergio Marchionne has been dining out on a scathing presentation he gave last year called "Confessions of a Capital Junkie," in which he excoriated the auto industry for its flagrant cash-burning ways.

General Motors executive leadership is also preoccupied with how it's spending its money — and it has a lot to spend. GM President Dan Ammann told Business Insider last week the automaker is making $1 billion a month. But GM is explicitly engaged with committing only to markets where it thinks it will see a good return on investment. That drove a decision in 2015 to exit the Russian market, one once thought to have the potential for major growth.

Triple-secret double-down mode

GM CEO Mary BarraBill Pugliano/Getty

Tesla hasn't historically been bad at capital discipline; over the course of a year, it has a fraction of what a GM or Ford or Toyota might spend in a quarter, so it has to watch every penny. But CEO Elon Musk and his team are now in triple-secret double-down mode — I know that doesn't make any sense, but Tesla future investment requirement are almost comically ambitious — and from the perspective of leadership, it would be dumb to let the stock slip before heading back to the markets to raise money. Musk wants to produce 500,000 vehicles annually by 2018, and getting there ain't gonna be cheap.

The bottom line is that Tesla sees its stock price as a means to an end. The company's own investment thesis, such as it is, asks investors to take a long-term view: Tesla will be a major player in the future of transportation. Whatever happens with the stock price day-to-day is a distraction. All that matters is that Tesla shares be considered valuable when it's time to create a new cash pile.

Tesla is right on the edge of crossing a river when it comes to how it spends money. As it gets bigger and has to manage more lines of business, capital efficiency will become vastly more important. But for now, Tesla's capital exists to be spent, and that's clearly freaking out the analysts who cover the company.

Disclosure: Jeff Bezos is an investor in Business Insider through his personal investment company Bezos Expeditions.

SEE ALSO: Everything good about Tesla stock might already be 'priced in'

NOW WATCH: Tesla made a big software update after a Chinese company remotely hacked the brakes of a Model S

h

More: BITranspo Amazon Tesla General Motors 

Qatar tipped to strike key Boeing deal

• 7 October 2016
 
• From the sectionBusiness

Share

Image copyrightAFP

US aircraft maker Boeing is expected to announce a major deal to supply Qatar Airways with widebody jetliners.

The sale could be worth as much as $18bn (£14.5bn), the BBC understands.

If finalised, it would give Boeing a boost in a year when orders for widebody planes have slumped.

The deal comes as Qatar has been frustrated over prolonged delivery problems from European Boeing rival Airbus.

Media reports last week suggested the deal was for at least 30 Boeing 777 and 787 jets, valued at about $6.7bn.

The final deal though is thought to also include orders for the Boeing 737 MAX jetliners.

---

Analysis: Michelle Fleury, New York business correspondent

The ongoing fight between Qatar Airways and Airbus has turned nasty - with Boeing emerging as the big winner.

The chief executive of the Gulf carrier, Akbar Al Baker, is a forthright individual. He has previously described his airline's relationship with Airbus as "strained" because of delivery delays and engine problems with the Airbus A320neos.

Now Akbar Al Baker is making sure Airbus pays the price, with a big order for its American rival. The mega deal is not just a financial winner for Boeing. It's also a huge boost for the US planemaker's single aisle 737 MAX aircraft.

It is the US aerospace giant's newest plane and doesn't go into service until next year.

And politics may also be at play.

There was a suggestion that the Qatar government may have delayed the Boeing passenger jet order to put pressure on the US to approve a deal for Boeing fighter jets to the Middle Eastern country - a deal which the Americans now look set to approve.

Snap is working on an IPO for March that would value the company at $25 billion

• Alex Heath and Biz Carson

• 22h
• 31,905
 
• 33

Snap Inc. CEO Evan Spiegel AP Photo/Jae C. Hong

Snap Inc., the company formerly known as Snapchat, is working on an initial public offering for March that would value the company at $25 billion, according to The Wall Street Journal.

A source familiar with the matter confirmed the company's IPO ambitions, but told Business Insider that the situation is still "fluid" and that Snap hasn't hired bankers at this point. The March timeline is arbitrary, given uncertainties like the outcome of the presidential election and the state of the capital markets, according to the source.

Bankers say they have been courting Snap for months in anticipation of an IPO. It's seen as best positioned to approach the IPO markets early in the year, one person said, among tech companies expected to float their shares in 2017.

Another source said Snap is expected to choose bankers by December.

Snap declined to comment on its IPO plans when reached by Business Insider.

"We aren't going to comment on rumors or speculations about any financing plans or alternatives," a spokesperson said.

Snap has told investors that it expects to make between $250 million and $350 million in advertising revenue this year, according to The Journal. A recent eMarketer report predicted that the company will near $1 billion in revenue in 2017 — meaning a $25 billion IPO would be priced at 25 times its projected revenue numbers.

The company last raised $1.81 billion in private funding in May, which pegged its valuation at between $18 billion and $22 billion.

The Information previously reported that the company was looking to go public as soon as later this year or early 2017.

A $25 billion IPO would be the largest public offering for a tech company since Alibaba went public in 2014 for $168 billion, and would come at a time when the tech IPO market has been in the doldrums.

It would also be a huge coup for Evan Spiegel, the 26-year-old entrepreneur who started Snapchat as a student at Stanford and famously turned down a $3 billion bid from Facebook in 2013.

The path to going public

Spiegel has been clear about his company's plan to go public. "We need to IPO," he said onstage at the Code Conference in May 2015. "We have a plan to do that."

In the last two years, his ephemeral messaging app has ramped up its advertising efforts, adding sponsored geofilters and animated selfie "lenses," and inserting video ads between users' stories.

In May, a Securities and Exchange Commission filing revealed that Snapchat had quietly added an IPO specialist, Stan Meresman, to its board — an early indicator that the company was preparing to go public. Another key IPO driver is Snapchat Chief Strategy Officer Imran Khan, a former Credit Suisse banker who helped take Alibaba public in 2014.

eMarketer

Beyond adding personnel, Snapchat has evolved from being only a social messaging app to calling itself a camera company.

Most recently, Snapchat rebranded as Snap Inc. and unveiled its Spectacles, which are smart glasses. Spiegel isn't banking on the glasses becoming a significant revenue stream for the company — at least at this stage. The company recently told The Journal that the glasses would have "limited distribution" when they go on sale.

In its announcement, Snapchat said the new name was meant to appeal to public investors. "You can search Snapchat or Spectacles for the fun stuff and leave Snap Inc. for the Wall Street crowd :)" the company wrote in a blog post.

As part of Snap's evolution, it's become an increasing threat to Facebook and Instagram in terms of both attracting younger users and chasing ad dollars. A Nielsen study from September 2015 showed that the company was reaching 41% of all 18- to 34-year-olds.

That number is likely higher now. A recent eMarketer study said that Snapchat will havereached 58.6 million people in the US, or 31.6% of social media users, by the end of 2016.

Portia Crowe contributed additional reporting.

SEE ALSO: Meet the secret power players who run Snapchat

NOW WATCH: Here’s everything we know about Snapchat’s new camera sunglasses, Spectacles

h

More: Snapchat IPO Snap Inc.

Verizon reportedly wants a $1 billion discount on Yahoo deal because of the huge hacking scandal

• Eugene Kim
 

• 17h
• 5,691
 
• 2
 

AOL CEO Tim ArmstrongNoam Galai/Getty Images for TechCrunch

Current Prices

Symbol	Price	+/-	%
VZ	49.94	-0.33	-0.70
YHOO	43.22	-0.48	-1.10

Disclaimer

Verizon is asking for a $1 billion discount on the Yahoo acquisition deal, after learning about the massive data breach last month, according to the New York Post's Claire Atkinson.

The Post's report, citing "several sources," says AOL CEO Tim Armstrong is "pretty upset" about Yahoo's lack of disclosure about the hack, and is even questioning if there's a way to pull out of the deal entirely.

The report says that Verizon believes Yahoo's value has been "diminished," while Yahoo has pushed against the idea of a discount.

Verizon said it was given a two-day notice before the public learned about the data breach in September, nearly two months after it acquired Yahoo for $4.8 billion.

The hack, which is believed to have stolen at least 500 million Yahoo user info, could be the largest in history.

Earlier this week, Yahoo was also found to have secretly worked with the US government to scan millions of user emails, according to Reuters. It's unclear exactly what kind of data, if any, Yahoo may have handed over to US government officials.

Armstrong hasn't said anything negative about Yahoo in public so far and stressed that the integration is working smoothly in a recent interview with Business Insider's Lara O'Reilly.

"I think people knew the businesses were similar, but I think it's more similar. I think what I mean by that is that Yahoo is going through a turnaround and a lot of that work and strategy is similar to what AOL did when we were turning around the company. So I think there's a lot of opportunity there for us to speed up on both sides," Armstrong said.  

Yahoo declined to comment on this story.

SEE ALSO: Salesforce CEO Marc Benioff explains the real reason he wanted to buy LinkedIn — and it's not because of data

NOW WATCH: This monster floor cleaner is incredibly satisfying to watch

h

More: Yahoo AOL Verizon Tim Armstrong