Alphabet Inc. was originally founded as a search engine company in 1998 under the title Google Inc. Since that time, Google has grown to be the world’s most popular search engine, with an eighty seven % share of the world-wide lookup market. The company has diversified far past engines like google of the past two 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 actually listed on the Nasdaq exchange under the ticker symbols, GOOGL (Class A ) and GOOG (Class C).
Alphabet earns revenue through the Google Search engine, Chrome browser, Google Cloud, Google Play, YouTube , and Android mobile operating system. Additionally, the company renders considerable investments in the Stadia cloud gaming system, Waymo self driving automobiles, along with other technology initiatives.
Alphabet competes with businesses that offer online platforms for connecting individuals with information and relevant advertising, digital content and application platforms, enterprise cloud services, and more. Major 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 which beat analysts’ estimates by a wide margin. Both total revenue and cloud revenue also surpassed expectations. Net income, revenue, as well as cloud revenue all rose compared to the year-ago quarter driven by increased advertising spend. “Total revenues of $46.2 billion in the third quarter mirror wide based growth led by an increase in advertiser spend on Search and Youtube as well as continued strength in Play,” and google Cloud said CFO Ruth Porat.
Compete Risk Free with $100,000 in Virtual Cash Put your trading skills to the test with our FREE Stock Simulator. Compete with a huge number of Investopedia traders and trade the way of yours to the top! Submit trades in a virtual setting before you start risking your own cash. Training trading strategies so that when you are prepared to enter the real market, you have had the practice you would like.