Alphabet Inc. was originally founded as a search engine company in 1998 under the identity Google Inc. Since that time, Google has become the world’s most popular search engine, with an eighty seven % share of the worldwide search industry. The company has diversified much past engines like google in the past 2 decades. It reorganized in 2015 and created the holding company Alphabet Inc. The parent holds Google, its largest subsidiary, and a number of other companies. Alphabet is actually listed on the Nasdaq exchange under the ticker symbols, GOOGL (Class A ) and GOOG (Class C).
Alphabet earns revenue through the Google Search engine, Chrome browser, Google Cloud, Google Play, YouTube , and Android mobile operating system. In addition, the company makes extensive investments in the Stadia cloud gaming system, Waymo self driving automobiles, and other technology initiatives.
Alphabet competes with businesses that will offer internet platforms for connecting individuals 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 which beat analysts’ estimates by a wide margin. Both total revenue as well as cloud revenue even surpassed expectations. Net income, revenue, as well as 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 reflect broad based growth led by a growth in advertiser spend in Search and Youtube plus continued strength in Play,” and google Cloud said CFO Ruth Porat.
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