Alphabet Joins The Trillion-Dollar Club1 min read
At first, It was Apple to hit the milestone. Then, Microsoft and Amazon joined respectively. And now, the parent company of Google has also joined the Trillion-Dollar club.
Last year, Larry Page and Sergey Brin took off from Alphabet respectively as CEO and President. The mantle went to Sundar Pichai to look after Alphabet onwards. Pichai promised to help Alphabet inc. to achieve its goals. In the first place, it seemed a questionable decision. But it seems that Pichai Sundar’s leadership is going strong in Alphabet Inc too.
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Alphabet has been doing really well in its cloud business so far. Although, they are way behind Microsoft and Amazon. From February 2018 to July 2019, Alphabet reportedly doubled the revenue from 1 Billion US Dollars to 2 Billion US dollars in every quarter. There are some serious challenges waiting ahead for the company.
In the third quarter, Alphabet missed earning per share expectations. As a result, Alphabet Inc. stock as much as 4%. However, they were able to recover 2% later on. The company has been facing some cultural clashes internally. It includes a fresh investigation by the U.S National Labor Relations Board.
In spite of all the odds, Alphabet still seems to be in the right way so far. Now it’s for time to see whether they can overcome the rest of the odds as soon as possible onwards.