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Buy Alphabet Stock (GOOGL)

Alphabet Inc. was originally founded as a search engine company in 1998 under the name Google Inc. Since that time, Google has become the world’s most popular search engine, with an eighty seven % share of the global search industry. The company has diversified far past search engines of the past 2 years. It reorganized in 2015 and also created the holding company Alphabet Inc. The parent holds Google, the largest subsidiary of its, along with a selection of other companies. Alphabet is 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. In addition, the company renders considerable investments in the Stadia cloud gaming system, Waymo self driving vehicles, and other technology initiatives.

Alphabet competes with companies that will offer internet platforms for connecting people with info and application platforms, digital content, and relevant advertising, enterprise cloud services, and more. Main 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 29, 2020, Google parent Alphabet posted Q3 2020 EPS which beat analysts’ estimates by a broad margin. Both total revenue and cloud revenue also surpassed expectations. Net income, revenue, and also cloud revenue each 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 an increase in advertiser invest in Youtube and Search as well as continued strength in Play,” and google Cloud stated CFO Ruth Porat.
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