Alphabet Inc's Journey: Core and Side Businesses, and Market Status
History of Alphabet Inc
Alphabet Inc, known primarily as the parent company of Google, embarked on its journey in 2015. The establishment of Alphabet was aimed at making the tech giant's business operations more manageable and transparent. Google, which was initially founded in 1998 by Larry Page and Sergey Brin, expanded rapidly, necessitating a restructuring that led to the birth of Alphabet Inc. This move allowed the distinct parts of the business to operate independently under the broader umbrella of Alphabet, with Google remaining as the flagship company.
Core and Side Businesses
At its core, Alphabet Inc houses Google, the internet search giant, which also offers a wide array of services such as email (Gmail), navigation (Google Maps), video sharing (YouTube), and many more. However, Alphabet's ventures go far beyond. The company has made significant strides in side businesses through its subsidiaries. These include Calico, focused on longevity; Waymo, diving into the autonomous vehicle industry; Google X, an innovation lab delivering technological solutions; and many others covering various sectors like health, technology, and investment.
Current Market Status of Alphabet Inc
As of now, Alphabet Inc stands as one of the leading tech conglomerates globally. It continues to show robust financial performance and market growth despite the dynamic tech industry's challenges. Alphabet has been adaptive, innovative, and increasingly focused on Artificial Intelligence and cloud computing technologies. Its market capitalization and stock performance in trading platforms like XETRA reflect Alphabet's strong position and investor confidence in its future prospects.