Alphabet Inc. was originally founded as a search engine company in 1998 under the identity Google Inc. Since that time, Google has grown to be the world’s most popular search engine, with an 87 % share of the world-wide lookup industry. The company has diversified far 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 selection 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 with the Google Search engine, YouTube, Google Play, Google Cloud, Chrome browser , and Android mobile operating system. Also, the company has made considerable investments in the Stadia cloud gaming system, Waymo self driving automobiles, as well as other technology initiatives.
Alphabet competes with businesses 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), and some.
Alphabet’s Latest Developments
On October 29, 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, 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 an increase in advertiser invest in Youtube and Search plus continued strength in Play,” and google Cloud stated CFO Ruth Porat.
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