Alphabet Inc. was initially 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 worldwide research market. The company has diversified far beyond 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, along with a number of other manufacturers. 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. In addition, the company renders extensive investments in the Stadia cloud gaming system, Waymo self-driving automobiles, and other technology initiatives.
Alphabet competes with companies that will provide 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), while others.
Alphabet’s Latest Developments
On October 29, 2020, Google parent Alphabet posted Q3 2020 EPS that beat analysts’ estimates by a large margin. Both total revenue and cloud revenue also surpassed expectations. Net income, revenue, as well as cloud revenue each rose compared to the year ago quarter driven by improved advertising spend. “Total revenues of $46.2 billion in the third quarter mirror wide based growth led by an increase in advertiser spend on Youtube and Search as well as continued strength in google Cloud and Play,” said CFO Ruth Porat.
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