Google parent Alphabet Inc. GOOG 1.61% said on Feb. 1 that it will enact a 20-for-1 stock split, giving shareholders 19 more shares for every one they own.  Stock splits had fallen out of favor over the last two decades. But since the pandemic Apple Inc., Tesla Inc. and now Alphabet have revived the practice in an effort to make their shares more affordable for individual… Source link

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Google parent company Alphabet hit a new record for annual revenue in 2021, showing no ill effects from the lingering coronavirus pandemic or ongoing issues with the global supply chain. For full-year 2021, the company saw a 41 percent year-over-year jump in revenue to $257 billion. The company reported revenue of $75.3 billion in the fourth quarter of 2021, up 32 percent from the year earlier. “Q4 saw ongoing strong growth in our advertising business, which helped millions of… Source link

The logo for Google LLC is seen at the Google Store Chelsea in Manhattan, New York City, U.S., November 17, 2021. REUTERS/Andrew Kelly/File Photo Register now for FREE unlimited access to Reuters.com Register Feb 1 (Reuters) – Alphabet Inc (GOOGL.O) and its Google unit on Tuesday reported higher than expected fourth-quarter sales as the search giant’s internet advertising, cloud computing and hardware businesses benefited over the holiday season from the growing surge in online shopping.

Google parent Alphabet Inc. headed toward a couple of elusive marks Tuesday evening, after disclosing earnings and plans for a stock split: A $3,000 share price and $2 trillion market cap. Alphabet shares gained more than 9% in the extended session, which ended with Alphabet’s class A shares GOOGL, +1.73% selling for $3,005 apiece and the class C shares GOOG, +1.61% going for $3,013.83. The class A shares have never… Source link

You’re invited! Join In The Know by Yahoo on Feb. 22 for an unforgettable celebration of Black culture and community. The In The Know by Yahoo Black Changemakers event begins at 6:30 p.m. EST at Ginny’s Supper Club in Harlem NYC. The evening will include a conversation with Black creators and entrepreneurs on building their brands, plus an open bar and lite bites. Attendees will also take home products from a few of our favorite Black-owned brands and a custom tote bag. Still need more?… Source link

You’re invited! Join In The Know by Yahoo on Feb. 22 for an unforgettable celebration of Black culture and community. The In The Know by Yahoo Black Changemakers event begins at 6:30 p.m. EST at Ginny’s Supper Club in Harlem NYC. The evening will include a conversation with Black creators and entrepreneurs on building their brands, plus an open bar and lite bites. Attendees will also take home products from a few of our favorite Black-owned brands and a custom tote bag. Still need more?… Source link

Larry Page (L) and Sergey Brin (R), the co-founders of Google, at a press event where Google and T-Mobile announced the first Android powered cellphone, the T-Mobile G1. (Photo by James Leynse/Corbis via Getty Images) James Leynse | Corbis Historical | Getty Images Google parent Alphabet announced plans for a 20-for-1 stock split on Tuesday as part of the technology company’s quarterly earnings statement. Alphabet stock was up more than 7% following the news. The move comes a year and a half… Source link

Former Miami Dolphins head coach Brian Flores has filed a class-action lawsuit against the NFL, the New York Giants, the Denver Broncos and the Dolphins claiming racial discrimination in the league’s hiring process for coaches and executives.  Flores filed the suit in the Southern District of New York on Tuesday. In it he accuses Dolphins owner Stephen Ross of offering him $100,000 for every loss in an effort to tank for the No. 1 draft pick during the 2019 NFL season, and includes texts he… Source link

The buy-the-dip crowd is circling the markets like a hungry shark does a wounded whale after a brutal January. “The equity market sell-off is overdone in our view, and we reiterate our call to buy the dip, particularly in cyclicals and small caps,” said JPMorgan strategist Marko Kolanovic in a new research note.  That is easier said than done for most investors following a tough start to the year for markets. The S&P 500 index sold off to the tune of 5.3% in January, marking its worst monthly… Source link