Alphabet Inc. was initially founded as a search engine company in 1998 under the title Google Inc. Since that time, Google has turned out to be the world’s most popular search engine, with an 87 % share of the worldwide lookup market. The company has diversified much beyond search engines in the past 2 decades. It reorganized in 2015 and created the holding company Alphabet Inc. The parent holds Google, the largest subsidiary of its, along with a number of other manufacturers. 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, Chrome browser, Google Cloud, Google Play, YouTube , and Android mobile operating system. Additionally, the company has made considerable investments in the Stadia cloud gaming system, Waymo self-driving automobiles, and other technology initiatives.
Alphabet competes with businesses that provide online 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 some.
Alphabet’s Latest Developments
On October twenty nine, 2020, Google parent Alphabet posted Q3 2020 EPS which beat analysts’ estimates by a large margin. Both total revenue and cloud revenue even surpassed expectations. Net income, revenue, and also 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 wide based growth led by a rise in advertiser spend on Youtube and Search plus continued strength in Play,” and google Cloud said CFO Ruth Porat.
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