Alphabet Inc. was initially founded as a search engine company in 1998 under the name Google Inc. Since that time, Google has turned out to be the world’s most popular search engine, with an eighty seven % share of the worldwide lookup industry. The company has diversified far beyond engines like google of the past two decades. It reorganized in 2015 and also created the holding company Alphabet Inc. The parent holds Google, the largest subsidiary of its, in addition to 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. Additionally, the company makes extensive investments in the Stadia cloud gaming system, Waymo self driving automobiles, as well as other technology initiatives.
Alphabet competes with companies that provide online platforms for connecting people with info and application platforms, digital content, and relevant advertising, enterprise cloud services, and more. Main 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 wide 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 an increase in advertiser invest in Search and Youtube plus continued strength in Play,” and google Cloud said CFO Ruth Porat.
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