Alphabet Inc. was initially founded as a search engine company in 1998 under the identity Google Inc. Since then, Google has become the world’s most popular search engine, with an eighty seven % share of the worldwide lookup industry. The company has diversified much beyond 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 selection of other companies. Alphabet is 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 considerable investments in the Stadia cloud gaming system, Waymo self-driving automobiles, along with other technology initiatives.
Alphabet competes with companies that will offer online platforms for connecting men and women 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 broad 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 mirror wide based growth led by a rise in advertiser invest in Search and Youtube as well as continued strength in google Cloud and Play,” said CFO Ruth Porat.
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