Larry Page announced a whole new company, Alphabet, and it now owns Google. Photo: Alphabet

Google just dropped a bombshell announcement that the operating structure of the company is getting seriously shaken up. To start, co-founder Larry Page broke the news of Alphabet: a new holding company which Google will operate under moving forward. Page will operate as the CEO with Sergey Brin as President effective immediately.

Photo: Niall Kennedy/Flickr CC

Google’s co-founder Larry Page partook in a wide-ranging interview with the Financial Times, published Friday. Among other topics, he talks about Google’s oppository approach to business compared to Apple — epitomized by a story about Steve Jobs.

“He would always tell me, You’re doing too much stuff,” Page says. “I’d be like, You’re not doing enough stuff.”

Google has today confirmed in a regulatory filing that it has completed its $3.2 billion acquisition of Nest Labs, the smart home thermostat company founded by Apple’s former iPod chief, Tony Fadell.

Several authorities from ten different countries around the globe wrote a letter to Google CEO Larry Page today, asking the company to provide clarification on various privacy concerns. The request for detailed information, from Mexico, Israel, New Zealand, Canada, Australia, and others, came with a statement that their knowledge of Glass is based on speculative media reports, and they would like hard data from Google.

On Friday June 7th 2013, Google’s CEO Larry Page posted on Google’s official blog denying all allegations that the search engine giant is part of the PRISM program. The methodology behind PRISM basically enables the government to obtain direct access to the company’s servers.