Alphabet Inc. was originally founded as a search engine company in 1998 under the title Google Inc. Since then, Google has turned out to be the world’s most popular search engine, with an 87 % share of the global research industry. The company has diversified much beyond engines like google of the past 2 decades. It reorganized in 2015 and created the holding company Alphabet Inc. The parent holds Google, the largest subsidiary of its, along with a number of other businesses. Alphabet is listed on the Nasdaq exchange under the ticker symbols, GOOGL (Class A GOOG and) (Class C).
Alphabet earns revenue with the Google Search engine, YouTube, Google Play, Google Cloud, Chrome browser , and Android mobile operating system. Additionally, the company makes extensive investments in the Stadia cloud gaming system, Waymo self driving vehicles, as well as other technology initiatives.
Alphabet competes with companies that offer internet platforms for connecting folks with info and relevant advertising, digital content and application platforms, enterprise cloud services, and more. Main competitors include Amazon.com Inc. (AMZN), Microsoft Corp. (MSFT), Apple Inc. (AAPL), Facebook Inc. (FB), Alibaba Group Holdings Ltd. (BABA), while others.
Alphabet’s Latest Developments
On October 29, 2020, Google parent Alphabet posted Q3 2020 EPS which beat analysts’ estimates by a large margin. Both total revenue as well as cloud revenue even surpassed expectations. Net income, revenue, and cloud revenue all rose compared to the year-ago quarter driven by improved advertising spend. “Total revenues of $46.2 billion in the third quarter mirror broad based growth led by a rise in advertiser invest in Search and Youtube as well as continued strength in Play,” and google Cloud stated CFO Ruth Porat.
Compete Risk Free with $100,000 in Virtual Cash Put your trading abilities to the test with the FREE Stock Simulator of ours. Compete with a huge number of Investopedia traders and trade the way of yours to the top! Submit trades in a virtual atmosphere before you begin risking your own cash. Practice trading techniques so that when you are ready to enter the real market, you have had the practice you would like.