Alphabet
Alphabet, Inc. (NASDAQ: GOOGL) is the company that owns Google and the diverse group of former operations under the Google umbrella. Founded in 1998, the company began generating revenues from search advertising technology as it rose to dominate the Internet search market. In addition to dominating Internet search advertising globally, Google added a large number of different offerings to its business portfolio, even branching into unrelated industries, such as life sciences. It also acquired the mobile operating system Android, which is the most widely used mobile OS in the world as of 2016. When the company had its initial public offering (IPO) in August 2004, shares were $50.22 when adjusted for splits and dividends. As of Feb, 12, 2016, shares are $706.36, for a compounding annual return of 25.6%. Alphabet is now one of the world's largest companies, with a market cap of $485 billion.
No comments:
Post a Comment