Page left that post in December 2019 but continued to serve on Alphabet’s board of directors. Google was restructured in August 2015 as a subsidiary of the newly created holding company Alphabet Inc., and Page became CEO of Alphabet. In 2011 Page resumed his duties as Google’s CEO, Schmidt having moved to the position of executive chairman. In an acquisition reflecting the company’s efforts to expand its services beyond Internet searches, Google purchased in 2006 the most popular Web site for user-submitted streaming videos, YouTube, for $1.65 billion in stock. issued its initial public offering (IPO), which netted Page more than $3.8 billion. By 2004 the search engine was being utilized 200 million times a day. However, both he and Brin remained intimately involved in running Google. He was replaced as CEO by technology executive Eric Schmidt. Page stepped down as CEO in 2001 to become president of products.

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