Profile: Alphabet Inc. is the parent of Google, the world’s largest search engine, which dominates Internet search activity globally. The company is involved in a wide range of businesses, including cloud computing, software and hardware, advertising services, and mobile and desktop applications.
Google was founded as a privately held company by Larry Page and Sergey Brin while they were students at Stanford University in September 1998. An initial public offering (IPO) took place on August 19, 2004, and Google moved to its headquarters in Mountain View, California. Now, the market capitalization of the company has reached $787.6 billion as of March 30, 2020. It is considered one of the Big Five technology companies in the U.S. information technology industry, alongside Amazon, Facebook, Apple, and Microsoft.
Top Executives: Google’s CEO is Sundar Pichai. Google’s key executives include Sundar Pichai and 19 others.Top Shareholders: Google represents 3 different classes of shares, Class A (which has voting privileges), Class B (which carries 10 votes each that are only owned by insiders and are not traded on the market), and Class C does not have voting privileges.
• Larry Page is the co-founder of Google and a board member of Alphabet. He holds approximately 40.1 million shares of Alphabet Class C stock.
• Sergey Brin, another co-founder of Google and a board member of Alphabet. Brin is currently the shareholder with the second-largest stake of Alphabet Class C shares, holding approximately 38.9 million shares.
• Vanguard Group is one of the largest investment advisors in the U.S.This firm holds about 22.6 million Class C shares of Alphabet.
• BlackRock, Inc. is a global investment management company and the largest asset manager in the world. This firm currently has approximately 20.0 million Class C shares of Alphabet.
Sales: Revenues for Google include revenue from ads (served through advertising programs such as AdSense for AdSearchetc). Other revenue includes digital content products and apps sold through Google’s Play digital content distribution platform, as well as hardware such as Chromecast devices and smartphones. In the third quarter of 2020, Google’s revenue amounted to 46.02 billion U.S. dollars, up from nearly 38 billion U.S. dollars in the preceding quarter. Google’s main revenue source is advertising through Google sites and its network.
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