Tag Archives: Alphabet

Google Inc., the popular American search engine, was founded in 1998 by Larry Page and Sergey Brin. Originally titled Backrub, the two then-Stanford University graduate students built the engine in their college dorms, according to Google. The name is a play on the math term “googol,” which is the number one followed by 100 zeros. Google went public in 2004 and since then has grown to be the world’s most visited website, with 89 billion visits in April 2022. Who owns Google? The… Source link

Whether you cut a pie into 10 pieces or 100 pieces, it shouldn’t affect how much the pie is worth. But in the stock market, a stock split — which is essentially cutting shares into smaller pieces — can have some meaningful consequences. According to Bank of America, S&P 500 companies that announced stock splits since 1980 have returned an average of 25.4% over the following 12 months, versus the S&P 500’s average return of 9% over the same period. In fact, the bank says that after a… Source link

Six months ago, Facebook changed its name to Meta (FB) ostensibly to reflect its focus on the virtual reality spaces known as the metaverse. The announcement was simultaneously important and strange, echoing another tech giant’s name change — Google’s 2015 move to rename itself Alphabet (GOOG, GOOGL). It’s difficult to tell if Meta’s name change has been embraced by the public or, for that matter, if Alphabet’s has. Even as I’m writing this, it feels weird to refer to Facebook… Source link

(Bloomberg) — Google parent Alphabet Inc. reported first-quarter revenue that fell short of analysts’ expectations, a rare miss for the technology giant reflecting slower ad sales in Europe and a lackluster performance by its YouTube video service. The shares declined about 6% in extended trading. Most Read from Bloomberg The company also announced a $70 billion share buyback program. Revenue, excluding payouts to distribution partners, increased 20% to $56 billion in the period ended March… Source link

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Google’s pandemic boom may finally be slowing. Google’s parent company, Alphabet, reported an 8 percent decline in quarterly profit on Tuesday, dragged down by slowing growth for advertising on YouTube and search as well as a decline in the value of its investments. The company posted a net profit of $16.44 billion for the first quarter, compared with a profit of $17.93 billion in the same period a year earlier — the first time the company’s quarterly profit had fallen from the prior… Source link

Google’s parent company Alphabet (GOOG, GOOGL) reported first-quarter sales that were roughly in-line with estimates, with the tech giant showing resilience in its key search advertising and cloud businesses. However, earnings came in lower-than-expected as costs mounted, and growth in the tech behemoth’s YouTube business slowed sharply compared to last year. Shares of Alphabet dropped more than 4.5% in late trading following the results. Here were the main metrics from Alphabet’s report… Source link

Text size Google on a tablet Dreamstime Google’s parent Alphabet is set to report… Source link

(Bloomberg) — Wall Street’s favorite FAANG is mired in its worst monthly stock performance in two years and analysts are counting on earnings to pull it out of the tailspin. Most Read from Bloomberg Google owner Alphabet Inc. is down about 13% in April, erasing $237 billion in market value as jittery investors dump growth stocks amid fears of bigger and faster rate hikes thanks to rising inflation. One constant in the turmoil: analysts’ enthusiasm, with zero sell and hold recommendations… Source link

Shares in Alphabet soared nearly 8 per cent on Wednesday, pushing the company’s market cap back towards $2tn after an unexpectedly strong surge in search advertising revenue raised Wall Street’s hopes that its momentum would continue as the coronavirus pandemic recedes. The Google parent had announced its earnings on Tuesday alongside a rare 20-for-1 stock split, only the second time it has split its shares since going public in 2004, adding to the stock market enthusiasm that… Source link