Alphabet Inc. (NASDAQ-GOOGL) is an American multinational corporation headquartered in Mountain View, California, USA. Alphabet Inc. was formed through the restructuring of Google LLC on 2 October 2015 and became the parent company. The company was founded by Larry Page and Sergey Brin. The chief executive officer is Sundar Pichai. This new portfolio at Alphabet Inc. includes several sectors, including technology, life sciences, investment capital, and research. The Google segment includes internet products such as : search, ads, commerce, maps, YouTube, Google Cloud, Android, Chrome and Google Play. The Google segment engages in advertising, digital content sales, applications and cloud offerings, and hardware product sales. The Other Offerings segment engages in the sale of Internet and television services through Google Fiber, the sale of Nest products and services, and the provision of licensing and research and development services through Verily. It offers Google Assistant, which allows users to text or communicate with Google. The company also has a Google Maps navigation service, and a Google Photos app that helps users store and organize all their photos.
Alphabet Inc. (NASDAQ-GOOGL) (Google) has released updates with extensive quality improvements to its spam search. This new, extensive update is now part of Google’s core content update and is part of the core system. In addition, the company announced several new spam policies that it will begin to address through automated algorithms and manual actions. The new update will provide up to a 40% reduction in useless content in search. The company is also implementing several measures aimed at improving the quality of its search results. The company also has a new policy for “Site Reputation Abuse”, so-called “Parasite SEO”, where third-party sites with poor quality rankings host content provided by third parties, for parasitic connections to positively ranked third-party sites.
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For fiscal year 2023, the company generated total sales of $307.4 billion, with an operating profit of $84.29 billion. After deducting all expenses, the company generated a net profit of USD 73.79 billion. The company’s total assets are USD 402.4 billion. The company has an equity of USD 283.4 billion. The company employs 182,502 tribal workers. According to Multinational Investment Corporation, the stock price of Alphabet Inc (NASDAQ-GOOGL) can be expected to be in a bull market, i.e., an uptrend in the share price. The average target price for the short- to medium-term investment horizon was set at $165.37 per share.