Alphabet Inc. is the parent company of Google and several former Google subsidiaries. It was created through a corporate restructuring of Google on October 2, 2015.
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Alphabet Inc. is listed on the NASDAQ stock exchange under the ticker symbols GOOGL and GOOG.
Alphabet's creation allowed the company to expand its scope beyond internet services and advertising into various sectors like autonomous vehicles, healthcare, and smart home technology.
The restructuring aimed to make Google's core business more transparent to investors by separating it from other less lucrative ventures.
Alphabet consistently ranks among the largest companies in the world by market capitalization.
As of recent financial records, Alphabet generates most of its revenue from Google's advertising services.
Review Questions
What was the primary reason for creating Alphabet Inc.?
Under which ticker symbols is Alphabet Inc. listed on NASDAQ?
What are some industries that Alphabet has expanded into beyond internet services?
Related terms
NASDAQ: A global electronic marketplace for buying and selling securities.
Market Capitalization: The total market value of a company's outstanding shares of stock.
Corporate Restructuring: The act of reorganizing the structure, operations, or finances of a company for profitability or efficiency.