Alphabet Inc. was originally founded as a search engine company in 1998 under the title Google Inc. Since that time, Google has become the world’s most popular search engine, with an eighty seven % share of the worldwide lookup market. The company has diversified much past search engines of the past 2 decades. It reorganized in 2015 and created the holding company Alphabet Inc. The parent holds Google, its largest subsidiary, and a selection of other businesses. 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, YouTube, Google Play, Google Cloud, Chrome browser , and Android mobile operating system. In addition, the company has made extensive investments in the Stadia cloud gaming system, Waymo self-driving vehicles, and other technology initiatives.
Alphabet competes with businesses that will provide internet platforms for connecting people with info and application platforms, digital content, and relevant advertising, 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 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 and cloud revenue also surpassed expectations. Net income, revenue, as well as cloud revenue all rose compared to the year ago quarter driven by improved advertising spend. “Total revenues of $46.2 billion in the third quarter reflect broad based growth led by a rise in advertiser spend on Youtube and Search and also continued strength in Play,” and google Cloud said CFO Ruth Porat.
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