Alphabet Inc. was initially founded as a search engine company in 1998 under the title Google Inc. Since then, Google has turned out to be the world’s most popular search engine, with an 87 % share of the world-wide research industry. The company has diversified far beyond 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 number of other manufacturers. Alphabet is actually listed on the Nasdaq exchange under the ticker symbols, GOOGL (Class A GOOG and) (Class C).
Alphabet earns revenue through the Google Search engine, Chrome browser, Google Cloud, Google Play, YouTube , and Android mobile operating system. Furthermore, the company has made extensive investments in the Stadia cloud gaming system, Waymo self-driving automobiles, and other technology initiatives.
Alphabet competes with businesses that will offer online 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 which beat analysts’ estimates by a wide margin. Both total revenue as well as cloud revenue also surpassed expectations. Net income, revenue, as well as 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 broad based growth led by a growth in advertiser spend on Search and Youtube plus continued strength in google Cloud and Play,” stated CFO Ruth Porat.
Compete Risk Free with $100,000 in Virtual Cash Put your trading skills to the test with our FREE Stock Simulator. Compete with thousands of Investopedia traders and trade the way of yours to the top! Submit trades in a virtual environment before you start risking the own money of yours. Practice trading strategies so that when you are prepared to enter the actual market, you have had the practice you need.