Alphabet Inc. was originally 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 87 % share of the global lookup industry. The company has diversified much past engines like google of 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 number of other businesses. Alphabet is 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. Also, the company has made extensive investments in the Stadia cloud gaming system, Waymo self driving vehicles, and other technology initiatives.
Alphabet competes with companies that will provide internet platforms for connecting men and women 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), while others.
Alphabet’s Latest Developments
On October twenty nine, 2020, Google parent Alphabet posted Q3 2020 EPS that beat analysts’ estimates by a wide margin. Both total revenue and cloud revenue even 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 wide based growth led by a growth in advertiser invest in Youtube and Search and also continued strength in Play,” and google Cloud stated CFO Ruth Porat.
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