If you had invested: $1,000.00💵
Into GOOG on 2023-05-19 📅
You would have made:
$283.08 🤑
Your Annual Rate of Return would be: 28.31% 📈
Total Increase: 28.31%📈
With that much money you could have bought:
0.0 Private jets
Summary
Google, now Alphabet Inc., is a multinational technology company with the ticker symbol GOOG. It was founded in September 1998 by Larry Page and Sergey Brin while they were students at Stanford University in California. The company was initially called "Backrub" before being renamed to Google, a play on the word "googol," which refers to the number represented by 1 followed by 100 zeros.
Google began as a search engine, using a proprietary algorithm to provide relevant and accurate search results to users. The company quickly gained popularity and became the dominant search engine on the internet. In the years since its inception, Google has expanded its offerings to include a wide range of products and services, including advertising technologies, cloud computing, hardware, and software.
One of Google's most popular products is its search engine, which is used by millions of people around the world to find information on the internet. The company also offers a suite of productivity tools, such as Google Docs and Google Sheets, which allow users to create and edit documents and spreadsheets in the cloud. In addition, Google offers a range of hardware products, including smartphones, tablets, and laptops under the "Pixel" brand.
In the latest quarter, Alphabet reported revenues of $46.1 billion, a 23% increase year over year. The majority of these revenues came from Google's advertising business, which generated $41.2 billion in the quarter. Google's cloud computing and hardware businesses also contributed to the company's strong performance, with revenues of $4.7 billion and $2.7 billion, respectively.
In addition to its core products and services, Google is also known for its commitment to innovation and investment in emerging technologies. The company has a number of subsidiaries focused on developing and commercializing new technologies, including Waymo, which is working on self-driving vehicles, and Verily, which is focused on healthcare and life sciences.
Overall, Google is a leading technology company with a wide range of products and services, including search, advertising, cloud computing, and hardware. Its strong financial performance and focus on innovation have helped it maintain its position as a dominant player in the tech industry.
Background
Alphabet Inc Class C, located at 1600 amphitheatre parkway, mountain view, ca, us specializes in the services-computer programming, data processing, etc. industry. It is currently listed on the exchange NASDAQ in the country USA.
The company's last annual earnings report on 2022-09-30 showed that it had reached a market capitalization of 1,263,292,383,000 $.
If someone had invested $100 in Alphabet Inc Class C 10 years ago, their investment would be worth roughly $486.86 today, according to If You Had Invested
If you had invested...
The stock price of a company is a reflection of the company's performance, market value and for GOOG, its stock has been doing great. If you had invested $1,000 in Alphabet Inc Class C 1 year ago and held onto your investment until today (in other words, if you didn't sell any shares), here's what would have happened:
Your investment would now be worth roughly $1283.08 today.
Financials
If you are looking for a company with a strong dividend yield then avoid Alphabet Inc Class C because it does not pay a dividend.
In terms of growth Alphabet Inc Class C has had a turn for the worst with a Quarterly Earnings growth rate of -0.241. At the same time revenue growth has been to the moon with a rate of 0.061.
You've probably heard a lot of different things about investing in the stock market. After all, it can be volatile and unpredictable. But that doesn't mean it's not a good place to invest your money. In fact, many people who are experts on this subject will tell you that the stock market has been rewarding for investors over time—and that includes those who invested just one year ago!
The stock market is volatile and not a get rich quick scheme. It’s a long term investment strategy that can help you build wealth and diversify your portfolio.
As Alphabet Inc Class C continues on its journey to become a 189,493,857,450,0.0 dollar company, there is no doubt that the stock will continue to rise. You should watch out for any major announcements about their products or recent earnings. If you wish to invest in the stock market but are not sure where to start, start by signing up on Robinhood
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