Alphabet Inc. was originally founded as a search engine company in 1998 under the name Google Inc. Since that time, Google has grown to be the world’s most popular search engine, with an eighty seven % share of the global lookup market. The company has diversified far past search engines in 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, along with a selection of other manufacturers. Alphabet is actually listed on the Nasdaq exchange under the ticker symbols, GOOGL (Class A ) and GOOG (Class C).
Alphabet earns revenue with 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 offer online platforms for connecting people with information 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 others.
Alphabet’s Latest Developments
On October twenty nine, 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, and also cloud revenue each rose compared to the year-ago quarter driven by increased advertising spend. “Total revenues of $46.2 billion in the third quarter reflect wide based growth led by a growth in advertiser invest on Youtube and Search and also continued strength in Play,” and google Cloud said CFO Ruth Porat.
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