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Alphabet Stock Boost As Pet Projects Spun Out From Cash Cows

Larry Page’s restructuring of Google under a new umbrella called Alphabet delivered an instant $28bn boost to the company’s stock market value. The reason was clear, Page separated his pet projects and Google’s speculative technologies – human longevity, self-driving cars and internet-connected smoke thermostats – from its core online businesses. Web search, Android, YouTube, Maps, advertising and the rest of Google’s money spinners will now report their performance separately from the loss-making units.

Read the whole story at The Telegraph »

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