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 87 % share of the global research industry. 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, in addition to 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 makes extensive investments in the Stadia cloud gaming system, Waymo self driving vehicles, and other technology initiatives.
Alphabet competes with companies that provide online platforms for connecting people 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), while 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 and cloud revenue also surpassed expectations. Net income, revenue, as well as cloud revenue each rose compared to the year ago quarter driven by improved advertising spend. “Total revenues of $46.2 billion in the third quarter reflect wide based growth led by a growth in advertiser spend on Youtube and Search and also continued strength in google Cloud and Play,” said CFO Ruth Porat.
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