Alphabet Inc. was originally founded as a search engine company in 1998 under the title Google Inc. Since then, Google has become the world’s most popular search engine, with an eighty seven % share of the world-wide research industry. The company has diversified far past search engines of the past two decades. It reorganized in 2015 and created the holding company Alphabet Inc. The parent holds Google, its largest subsidiary, in addition to a selection of other manufacturers. Alphabet is actually listed on the Nasdaq exchange under the ticker symbols, GOOGL (Class A ) and GOOG (Class C).
Alphabet earns revenue with the Google Search engine, YouTube, Google Play, Google Cloud, Chrome browser , and Android mobile operating system. Moreover, the company has made extensive investments in the Stadia cloud gaming system, Waymo self-driving vehicles, as well as other technology initiatives.
Alphabet competes with companies that provide internet platforms for connecting men and women with info and relevant advertising, digital content and application platforms, enterprise cloud services, and other things. Major competitors include Amazon.com Inc. (AMZN), Microsoft Corp. (MSFT), Apple Inc. (AAPL), Facebook Inc. (FB), Alibaba Group Holdings Ltd. (BABA), and others.
Alphabet’s Latest Developments
On October 29, 2020, Google parent Alphabet posted Q3 2020 EPS which beat analysts’ estimates by a broad margin. Both total revenue and cloud revenue even surpassed expectations. Net income, revenue, and cloud revenue all rose compared to the year ago quarter driven by increased advertising spend. “Total revenues of $46.2 billion in the third quarter mirror broad based growth led by an increase in advertiser spend in Search and Youtube and also continued strength in Play,” and google Cloud stated CFO Ruth Porat.
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