Alphabet Inc. (commonly known as Alphabet, and frequently informally referred to as Google) is an American multinational conglomerate created in 2015 as the parent company of Google and several other companies previously owned by Google. The company is based in California and headed by Google's co-founders, Larry Page and Sergey Brin, with Page serving as CEO and Brin as President. The reorganization of Google into Alphabet was completed on October 2, 2015. Alphabet's portfolio encompasses several industries, including technology, life sciences, investment capital, and research. Some of its subsidiaries include Google, Calico, GV,Google Capital, X, Google Fiber and Nest Labs. Some of the subsidiaries of Alphabet have altered their names since leaving Google - Google Ventures becoming GV, Google Life Sciences becoming Verily and Google X becoming just X. Following the restructuring Page became CEO of Alphabet while Sundar Pichai took his position as CEO of Google. Shares of Google's stock have been converted into Alphabet stock, which trade under Google's former ticker symbols of "GOOG" and "GOOGL". The establishment of Alphabet was prompted by a desire to make the core Google Internet services business "cleaner and more accountable" while allowing greater autonomy to group companies that operate in businesses other than Internet services.
Reported after close today (4/21/16) Earnings: EPS $7.50 and revenue $20.26B Estimates: EPS $7.97 and revenue $20.37B
GOOGL respected 200dma today so bulls may get a few days of relief but price will test $682 level soon
Will its stay at #1 last longer this time? AAPL's market cap will eventually bounce back up, but GOOGL's might bounce more, I think.
Remember Google's hubris? http://googlepolicyeurope.blogspot.com/2015/08/improving-quality-isnt-anti-competitive.html Well, for that they will be getting the biggest fine ever from the EU/EC. Three times bigger than either Microsoft or Intel got. http://www.telegraph.co.uk/business...-breaking-fine-for-web-search-monopoly-abuse/ Said from the start that Google should have bent over backwards to comply with the EU. Europe is not like the US; if you challenge them and fail, they can seriously hinder a behemoth company. Look at 10 year charts of MSFT and INTC. And Google's fine is going to be 3x as big, and they will have to change their algorithms if they want to keep doing business in Europe (duh, of course they want to).
Musicians getting angry at YouTube http://www.bbc.com/news/technology-36340447 Would be really disappointing if YouTube got hamstrung as a service that provides easy access to media. I don't think it will get that bad, but at the least I think YouTube will have to start paying a larger percentage and only keep a smaller share of the money for itself.
I agree about what's said in the article about labels taking their contracts with YouTube lightly. I wonder how it's all gonna end. Pretty sure there's no legal issue there and considering that the labels are as dependant on Youtube as it is I think some hard talks are going to take place. If any at all, of course.
