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Buy Alphabet Stock (GOOGL)

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 world-wide research industry. The company has diversified much beyond engines like google 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 businesses. 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, Chrome browser, Google Cloud, Google Play, YouTube , and Android mobile operating system. In addition, the company renders extensive investments in the Stadia cloud gaming system, Waymo self-driving vehicles, and other technology initiatives.

Alphabet competes with companies that offer internet platforms for connecting folks with information 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 29, 2020, Google parent Alphabet posted Q3 2020 EPS which beat analysts’ estimates by a large margin. Both total revenue as well as cloud revenue also surpassed expectations. Net income, revenue, and 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 mirror wide based growth led by a rise in advertiser invest on Youtube and Search as well as continued strength in google Cloud and Play,” said CFO Ruth Porat.
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