Alphabet Inc. was initially founded as a search engine company in 1998 under the title Google Inc. Since that time, Google has grown to be the world’s most popular search engine, with an eighty seven % share of the worldwide research industry. The company has diversified far past engines like google in the past 2 years. It reorganized in 2015 and also created the holding company Alphabet Inc. The parent holds Google, the largest subsidiary of its, and a selection of other businesses. 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. Furthermore, the company has made considerable investments in the Stadia cloud gaming system, Waymo self driving vehicles, and other technology initiatives.
Alphabet competes with companies that will offer online platforms for connecting people with info and relevant advertising, digital content and application platforms, enterprise cloud services, and other things. Main competitors include Amazon.com Inc. (AMZN), Microsoft Corp. (MSFT), Apple Inc. (AAPL), Facebook Inc. (FB), Alibaba Group Holdings Ltd. (BABA), and some.
Alphabet’s Latest Developments
On October 29, 2020, Google parent Alphabet posted Q3 2020 EPS that beat analysts’ estimates by a broad margin. Both total revenue as well as cloud revenue also surpassed expectations. Net income, revenue, as well as 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 spend in Search and Youtube as well as continued strength in google Cloud and Play,” said CFO Ruth Porat.
Compete Risk Free with $100,000 in Virtual Cash Put your trading abilities to the test with our FREE Stock Simulator. Compete with thousands of Investopedia traders and trade the way of yours to the top! Submit trades in a virtual setting before you start risking the own money of yours. Practice trading tactics so that when you are willing to enter the real market, you have had the training you would like.