Larry and Sergey write 2016 Letter to Google Stockholders

 

Every year, Larry and Sergey write a Founders’ Letter to stockholders updating them with some of recent highlights and sharing Alphabet’s vision for the future. This year, they decided to try something new. – Ed.

When Larry and Sergey founded Google in 1998, there were about 300 million people online. By and large, they were sitting in a chair, logging on to a desktop machine, typing searches on a big keyboard connected to a big, bulky monitor. Today, that number is around 3 billion people, many of them searching for information on tiny devices they carry with them wherever they go.

In many ways, the founding mission of Google back in ’98—“to organize the world’s information and make it universally accessible and useful”—is even truer and more important to tackle today, in a world where people look to their devices to help organize their day, get them from one place to another, and keep in touch. The mobile phone really has become the remote control for our daily lives, and we’re communicating, consuming, educating, and entertaining ourselves, on our phones, in ways unimaginable just a few years ago.

In August, I announced Alphabet and our new structure and shared my thoughts on how we were thinking about the future of our business. (It is reprinted here in case you missed it, as it seems to apply just as much today.) I’m really pleased with how Alphabet is going. I am also very pleased with Sundar’s performance as our new Google CEO. Since the majority of our big bets are in Google, I wanted to give him most of the bully-pulpit here to reflect on Google’s accomplishments and share his vision. In the future, you should expect that Sundar, Sergey and I will use this space to give you a good personal overview of where we are and where we are going. 

– Larry Page, CEO, Alphabet

Read the full letter

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