Definitely Google is not a conventional company. Alphabet Inc. will replace Google Inc. as the publicly-traded entity and all shares of Google will automatically convert into the same number of shares of Alphabet, with all of the same rights.
Google will become a wholly-owned subsidiary of Alphabet. Their two classes of shares will continue to trade on Nasdaq as GOOGL and GOOG.
Alphabet is a collection of companies. The largest of which, of course, is Google. Google financials will be provided separately than those for the rest of Alphabet businesses as a whole.
Sundar Pichai is a new of CEO of Google.
Alphabet will also include X lab, which develops inter alia: Wing, a drone delivery effort. Google Ventures and Capital join this new structure.
According to Google, the name Alphabet means …