Alphabet Inc. was initially founded as a search engine company in 1998 under the title Google Inc. Since then, Google has grown to be the world’s most popular search engine, with an 87 % share of the world-wide lookup market. The company has diversified far past engines like google in the past two years. 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 companies. Alphabet is actually listed on the Nasdaq exchange under the ticker symbols, GOOGL (Class A GOOG and) (Class C).
Alphabet earns revenue through the Google Search engine, YouTube, Google Play, Google Cloud, Chrome browser , and Android mobile operating system. Additionally, the company makes considerable investments in the Stadia cloud gaming system, Waymo self-driving vehicles, as well as other technology initiatives.
Alphabet competes with businesses that offer online platforms for connecting individuals with info and application platforms, digital content, and relevant advertising, 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 some.
Alphabet’s Latest Developments
On October twenty nine, 2020, Google parent Alphabet posted Q3 2020 EPS that beat analysts’ estimates by a large margin. Both total revenue as well as cloud revenue also 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 growth in advertiser invest on Search and Youtube as well as continued strength in google Cloud and Play,” said CFO Ruth Porat.
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