Alphabet Inc. was initially founded as a search engine company in 1998 under the identity Google Inc. Since that time, Google has become the world’s most popular search engine, with an eighty seven % share of the world-wide research market. The company has diversified much past engines like google in the past 2 years. It reorganized in 2015 and created the holding company Alphabet Inc. The parent holds Google, its largest subsidiary, along with a selection of other companies. 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, Chrome browser, Google Cloud, Google Play, YouTube , and Android mobile operating system. In addition, the company makes considerable investments in the Stadia cloud gaming system, Waymo self-driving vehicles, as well as other technology initiatives.
Alphabet competes with companies that will offer 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), and others.
Alphabet’s Latest Developments
On October twenty nine, 2020, Google parent Alphabet posted Q3 2020 EPS that beat analysts’ estimates by a large margin. Both total revenue as well as cloud revenue also surpassed expectations. Net income, revenue, as well as 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 broad based growth led by a rise in advertiser invest in Youtube and Search and also continued strength in google Cloud and Play,” stated CFO Ruth Porat.
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