Alphabet

Company Description

Alphabet Inc. is a multinational technology conglomerate, created from the corporate restructuring of Google, which is now its subsidiary together with several other services. The Google search engine, advertising business, and associated services are the largest part of Alphabet’s activities, with other subsidiaries including Calico (biotechnology), Chronicle (cybersecurity), DeepMind (artificial intelligence), GV (venture capital), CapitalG (private equity), X (R&D), Google Fiber (fiber internet services), Jigsaw (tech incubator), Makani (wind turbines), Sidewalk Labs (urban innovation), Verily (life sciences), Waymo (self-driving tech), Wing (drone-based delivery) and Loon (internet provider via stratospheric balloons).

Detailed Description

Alphabet Inc. provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. The company offers performance and brand advertising services. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, such as ads, Android, Chrome, Google Maps, Google Play, Search, and YouTube; subscription-based products; and Fitbit wearable devices, Google Nest home products, Pixel phones, and other devices, as well as in-app purchases and digital content. The Google Cloud segment offers infrastructure, platform, and other services; Google Workspace that include cloud-based collaboration tools for enterprises, such as Gmail, Docs, Drive, Calendar and Meet; and other services for enterprise customers. The Other Bets segment sells health technology and internet services, as well as licensing and research and development services. The company was incorporated in 1998 and is headquartered in Mountain View, California.

Wikipedia Introduction

Alphabet Inc. is an American multinational technology conglomerate holding company headquartered in Mountain View, California. It was created through a restructuring of Google on October 2, 2015, and became the parent company of Google and several former Google subsidiaries. The two co-founders of Google remained as controlling shareholders, board members, and employees at Alphabet. Alphabet is the world's third-largest technology company by revenue and one of the world's most valuable companies. It is one of the Big Five American information technology companies, alongside Amazon, Apple, Meta and Microsoft. The establishment of Alphabet Inc. was prompted by a desire to make the core Google business "cleaner and more accountable" while allowing greater autonomy to group companies that operate in businesses other than Internet services. Founders Larry Page and Sergey Brin announced their resignation from their executive posts in December 2019, with the CEO role to be filled by Sundar Pichai, also the CEO of Google. Page and Brin remain co-founders, employees, board members, and controlling shareholders of Alphabet Inc.

Source: Wikipedia, retrieved on July 4, 2022, 1:26 p.m.

Key People

Founder(s): Larry Page Sergey Brin

John L. Hennessy (Chairman) Sundar Pichai (CEO) Ruth Porat (CFO)

Financials

Revenue: US$257.6 billion (2021)

Operating income: US$78.7 billion (2021)

Net income: US$76 billion (2021)

Total assets: US$359.3 billion (2021)

Total equity: US$251.6 billion (2021)