Google... well not Google anymore, has started to create a new operating structure! The URL for the new company is going to be abc.xyz.
Any shareholders who previously owned shares in Google are now going to get 1 share of Alphabet for each share of Google they previously had. The executives in charge of Alphabet will be the same execs in charge of Google today — CEO Larry Page, President Sergey Brin, Executive Chairman Eric Schmidt, CFO Ruth Porat, and chief counsel David Drummond.
There's really no change that will affect us. Google and anything associated with it will stay. This just makes everything that Google (Alphabet) acquires, becomes a separate branch, run be separate CEO's.