Alphabet Inc. was originally 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 87 % share of the world-wide research market. The company has diversified far 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, its largest subsidiary, and 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 with the Google Search engine, YouTube, Google Play, Google Cloud, Chrome browser , and Android mobile operating system. Moreover, the company has made extensive investments in the Stadia cloud gaming system, Waymo self-driving automobiles, as well as other technology initiatives.
Alphabet competes with companies that will offer internet platforms for connecting people with info 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), and some.
Alphabet’s Latest Developments
On October twenty nine, 2020, Google parent Alphabet posted Q3 2020 EPS that beat analysts’ estimates by a broad margin. Both total revenue and cloud revenue also surpassed expectations. Net income, revenue, and also 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 a rise in advertiser spend on Search and Youtube as well as continued strength in Play,” and google Cloud stated CFO Ruth Porat.
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