GOOGL - Alphabet Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
1,104.51
-0.73 (-0.07%)
At close: 4:00PM EDT

1,104.51 0.00 (0.00%)
After hours: 4:57PM EDT

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Previous Close1,105.24
Open1,107.24
Bid1,103.96 x 1300
Ask1,105.69 x 800
Day's Range1,096.03 - 1,109.43
52 Week Range977.66 - 1,296.97
Volume1,126,435
Avg. Volume1,662,150
Market Cap766.152B
Beta (3Y Monthly)1.18
PE Ratio (TTM)27.71
EPS (TTM)39.86
Earnings DateJul 22, 2019 - Jul 26, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est1,336.80
Trade prices are not sourced from all markets
  • Bank of America CEO: 'We want a cashless society'
    Yahoo Finance35 minutes ago

    Bank of America CEO: 'We want a cashless society'

    Bank of America CEO Brian Moynihan said his firm has “more to gain than anybody” from the booming trend of non-cash transactions.

  • Google ditches Nest.com in favor of its online store
    Engadget6 hours ago

    Google ditches Nest.com in favor of its online store

    Google hasn't been shy about phasing out what's left of Nest as an independententity, and that now includes Nest's website

  • Google will start attributing lyrics in its search results to their third-party providers
    TechCrunch19 hours ago

    Google will start attributing lyrics in its search results to their third-party providers

    Earlier this week, music lyrics repository Genius accused Google of liftinglyrics and posting them on its search platform

  • Recent Acquisitions by Google, Salesforce, and Intel Seem a Little Desperate
    Motley Fool11 minutes ago

    Recent Acquisitions by Google, Salesforce, and Intel Seem a Little Desperate

    These tech giants are paying high prices for defensive acquisitions as their core businesses slow.

  • FTC reportedly in late stages of investigation into how YouTube handles kids’ videos
    MarketWatch1 hour ago

    FTC reportedly in late stages of investigation into how YouTube handles kids’ videos

    The Federal Trade Commission is in the late stages of an investigation into how YouTube handles children’s videos, a probe prompted by complaints that the company failed to protect kids who used the service and improperly collected their data.

  • Google Maps Wants to Help You Navigate During Natural Disasters
    City Lab NonHosted1 hour ago

    Google Maps Wants to Help You Navigate During Natural Disasters

    The app will offer crisis navigation warnings and provide detailed visual information about hurricanes, tornadoes, and earthquakes.

  • Bloomberg2 hours ago

    Alphabet's Annual Meeting Draws Protests on Multitude of Issues

    (Bloomberg) -- Google workers, shareholders and activists used the annual meeting of parent Alphabet Inc. to protest a range of issues, including contractor rights, the tech giant’s business in China and the absenteeism of Alphabet Chief Executive Officer Larry Page.Shareholders filed proposals asking Alphabet management to scrap non-compete agreements, claw back compensation from executives who were found to have harassed employees and put an employee representative on its board.Several activist groups, sometimes in conjunction with Google employees, protested outside the meeting and at company offices around the world. Topics include diversity, ethics around product launches, housing affordability and working conditions for temporary and contract staff.Tibetan, Uighur and Chinese rights activists called on Google management to clearly confirm the company will not re-establish business relations with China, citing what they said is the government’s mass surveillance and human-rights abuses.Google CEO Sundar Pichai said the company’s huge scale comes with a “deep sense of responsibility to create things that improve people’s lives” and benefit society as a whole. Executive Chairman John Hennessy said Alphabet’s board of directors is making sure the company focuses on diversity, sustainability and societal impact. “We are deeply committed to do the right thing on these issues,” he said.The meeting is the latest flare-up in a roughly two-year effort by some Google employees and outside activists to push the company to be more accountable to workers, stockholders and the communities where it operates.Listen to a Google insider’s account of the protests from Bloomberg’s Decrypted podcast.Google has a famously open work culture, where employees of all levels are encouraged to speak their mind and suggest changes to company policy. That’s created some headaches for the tech giant. Google shelved a plan to build a censored search engine for China after news of the project leaked and employees rebelled against it. The company also stepped back from one military contract and stopped forcing employees to sign away their right to bring claims against it in court.Google’s critics only have so much power though. Shareholder proposals like the ones advanced at the annual meeting are almost always rejected because the company’s founders control the majority of the votes through special shares.“I was wondering where the CEO of Alphabet is. Year after year there’s no CEO here. It’s a glaring omission,” especially for someone with such a large stake in the company, one shareholder said during the meeting.Chief Legal Officer Kent Walker responded, saying Page, Google’s co-founder, wasn’t able to attend. He has attended every board meeting, Walker said.The shareholder replied that the annual meeting is the only time investors have a chance to ask the CEO questions directly.Google engineer Irene Knapp spoke in favor of a proposal to tie executive compensation to the company’s progress on diversity and inclusion. Knapp cited research by the group AI Now showing that bias in artificial intelligence technology is related to the lack of diversity in the industry.Other Google employees spoke in favor of proposals on adding a worker representative to the board and a call for a report on the impact of Google’s Dragonfly Chinese search project.While Ruth Porat, Google’s chief financial officer, spoke about autonomous vehicle technology, protesters outside the building chanted and shouted through loud speakers.“Alphabet sits at an inflection point,” facing antitrust investigations and other issues, one employee said, in support of the proposal to add a worker representative to the board. “It cannot afford to ignore the storm brewing.”(Updates with comments from shareholder in 10th paragraph.)To contact the reporters on this story: Alistair Barr in San Francisco at abarr18@bloomberg.net;Gerrit De Vynck in New York at gdevynck@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Andrew Pollack, Robin AjelloFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • CityLab Daily: How Far Will Google's Billion-Dollar Housing Plan Go?
    City Lab NonHosted3 hours ago

    CityLab Daily: How Far Will Google's Billion-Dollar Housing Plan Go?

    Google home: On Tuesday, Google announced the single largest commitment by a private employer to address the Bay Area’s affordable housing crisis. While many employers in Silicon Valley have begun to build housing for their own workers, Google’s would be the first to unlock its land to house the general public. Google will likely still face opposition from NIMBY groups that have slowed building before, but the tech giant’s more direct role is a hopeful sign for housing advocates.

  • Google parent Alphabet rejects shareholder plan to break up company
    MarketWatch3 hours ago

    Google parent Alphabet rejects shareholder plan to break up company

    Google parent Alphabet Inc. faced a wave of critical proposals from activists and employees during its annual shareholder meeting Wednesday, including one to split up the internet search and ad-selling giant before regulators break it into pieces.

  • How Far Will Google’s Billion-Dollar Bay Area Housing Plan Go?
    City Lab NonHosted3 hours ago

    How Far Will Google’s Billion-Dollar Bay Area Housing Plan Go?

    The single largest commitment by a private employer to address the Bay Area’s acute affordable housing crisis is unique in its focus on land redevelopment.

  • Alphabet’s Waymo Is Pursuing This $700 Billion Market
    Market Realist3 hours ago

    Alphabet’s Waymo Is Pursuing This $700 Billion Market

    Waymo has resumed its self-driving truck tests in Arizona. The company initially launched self-driving truck tests in the state in 2017 but halted the program shortly after. Now the Alphabet (GOOGL) unit has brought back its autonomous trucking test to Arizona with more advanced technology.

  • Alphabet’s Waymo Is Planning Massive Expansion of Taxi Service
    Market Realist3 hours ago

    Alphabet’s Waymo Is Planning Massive Expansion of Taxi Service

    Waymo, the self-driving unit of Google parent Alphabet (GOOGL), has begun testing autonomous Jaguar I-Pace vehicles on public roads in California, according to a report from TechCrunch. In March last year, Waymo and Jaguar Land Rover (or JLR), the maker of the I-Pace SUV, announced a long-term strategic partnership on driverless transportation service.

  • Reuters4 hours ago

    UPDATE 1-Activists urge Google to break up before regulators force it to

    Shareholder activists on Wednesday urged Google parent Alphabet Inc to break itself up before regulators force the world's biggest internet ad seller to split into different pieces. SumOfUs, a U.S.-based group that aims to curb the growing power of corporations, presented the proposal at Alphabet's annual shareholder meeting at an auditorium at the company's offices in Sunnyvale, California. It should sell off some assets now "rather than waiting for antitrust regulators to set a path" and potentially deriving less shareholder value, Sonamtso said.

  • Lobbying on trade issues could set new record as companies sound off on tariffs, USMCA
    MarketWatch4 hours ago

    Lobbying on trade issues could set new record as companies sound off on tariffs, USMCA

    As the Trump administration puts tariffs on a range of imported goods and pushes a replacement deal for Nafta, lobbying on trade-related issues could set a new record this year.

  • Jeffrey Katzenberg’s Quibi has already sold $100 million in ads
    American City Business Journals4 hours ago

    Jeffrey Katzenberg’s Quibi has already sold $100 million in ads

    Quibi doesn’t launch until next year, and already Jeffrey Katzenberg’s mobile platform for “quick bites” of high-end content has sold two-thirds of its ad inventory.

  • Microsoft’s Missteps Offer Antitrust Lessons for Tech’s Big Four
    Bloomberg4 hours ago

    Microsoft’s Missteps Offer Antitrust Lessons for Tech’s Big Four

    (Bloomberg) -- Of the five biggest tech companies in the U.S., Microsoft is the only one that isn't currently in the crosshairs of U.S. antitrust authorities. The software giant already took its turn through the regulatory wringer starting two decades ago, a years-long confrontation that resulted in the finding that the Redmond, Washington-based company had illegally maintained its monopoly for personal-computer operating-system software. The case dealt with the company's moves to kneecap the Netscape web browser by bundling its own product, Internet Explorer, into Windows, the dominant PC operating system.A federal judge ordered the company split in two in 2000, a fate Microsoft avoided when an appeals court reversed that part of the ruling and the company eventually settled. That 2002 settlement led to nine years of court supervision of the company's business practices and required Microsoft to give the top 20 computer makers identical contract terms for licensing Windows, and gave computer makers greater freedom to promote non-Microsoft products like browsers and media-playing software. Because observers and legal pundits almost uniformly agree the software giant did virtually everything wrong in the course of the investigation -- which had its start as early as 1990, followed by a 1998 Justice Department lawsuit -- in retrospect its story serves as a useful instruction manual of what not to do.While no formal inquiries have yet been opened, the Federal Trade Commission and Justice Department carved up the territory of big tech -- Amazon.com Inc., Apple Inc., Alphabet Inc.’s Google and Facebook Inc. -- as they prepare to dig in on antitrust issues. The Department of Justice will look at Google, which dominates the online search and advertising spaces, and Apple, whose pervasive App Store is likely to be under examination. The FTC drew Facebook, with its behemoth social networking and messaging apps and a slew of recent privacy missteps, and e-commerce giant Amazon, which has been pushing into areas like grocery and health. As these companies build their legal teams and prepare strategies for the fight ahead, here are several lessons that Google, Amazon, Apple and Facebook can learn from Microsoft's battle with the feds.Don't deny the obvious. Or don't even put up a fight about whether you have a monopoly. Microsoft, whose Windows software accounted for about 90% of the market for PC operating systems, opted to argue that the space was actually competitive. Parts of the argument included videos where Microsoft employees offered a straight-faced marketing pitch for the benefits of rival Linux programs with a tiny share of the market. The impulse is understandable -- monopoly sounds like a dirty word. But U.S. antitrust law doesn't expressly forbid having a monopoly; it outlaws doing certain things to establish, maintain or extend one. That led some legal scholars to argue that Microsoft would have been better served by copping to the Windows monopoly and establishing a legal beachhead against the idea that it did anything illegal to gain it or keep it. Arguing against something so self-evident via the company's very first witness strained credibility and started the case off on a bad footing.It's easy to imagine a similar issue applying to Google, which has more than 84% of the web-search market and controls 82% of mobile-phone operating systems. In the app-store business, Google and iPhone maker Apple together control more than 95% of all U.S. mobile app spending by consumers, according to Sensor Tower data. Apple CEO Tim Cook earlier this month told CBS that his company doesn’t have a dominant position in any market. But regulators may look at the power it wields through its app store. It could be more effective for these companies not to start by denying that leadership position -- if you have 80% or 90% percent of a market, arguing that you don't really dominate isn't the hill you want your legal reasoning to die on. Don’t resort to spin. Microsoft's credibility with the press was no higher, hurt by constant counterfactual statements and spin. Each day, after a bruising in court as government lawyer David Boies poked holes in executive testimony and Judge Thomas Penfield Jackson alternated between chuckling at the witnesses and chastising them, Microsoft deployed a hapless PR person to the steps of the courthouse to recite the words, "Today was another good day for Microsoft." It never was.  Assume everything will be made public.Among the list of horrifying moments for Microsoft in court was the public showing of parts of the 20 hours of depositions of co-founder and Chief Executive Officer Bill Gates. The tapes (yes, they were tapes -- this was the 90s) showed an ill-lit, evasive and combative Gates engaging in Clintonian word-wrangling, such as asking about the definition of the word "definition" and arguing what "market share" meant. Microsoft claimed it had been assured the tapes would never be shown in court, or the company would have taken greater care with Gates’s appearance and manner. During their playback in court, the judge laughed at several points -- not the impression the software giant wanted to make on either Jackson or the public. Jackson told New Yorker reporter Ken Auletta that Gates came off as "arrogant" in the depositions.Just as bad for Microsoft, an array of internal emails were read aloud in court that contradicted the testimony of its executives, which further angered Jackson. The takeaway? Assume everything will be aired in the court of public opinion. If it was true 20 years ago, it’s even more apparent in the current era of oversharing, thanks to the tech companies’ own services. Don't be condescending about the technology. Most lawyers, judges and regulators don't appreciate being told or having it implied that they lack the ability to apprehend certain tech concepts. Or that the reason they think there's been an antitrust violation is because they just don't "get" the technology. It was true that Jackson and Boies seldom used a computer at the time. But it didn't require a computer science doctorate to divine the legal merits of the case.  At the height of Microsoft's hubris (or carelessness, or both), the company sent Windows chief Jim Allchin to the stand with a doctored video that purported to show how computing performance would be degraded when the browser was removed from Windows on a single PC. It was actually done on several different computers and was an illustration of what might happen rather than a factual test, as the company initially claimed -- a fact that came to light only after several days of the government picking through every inconsistency in the video. Microsoft remade the simulation several times in an effort to save the testimony. The company seemed to think it could get away with baldy stating a technological claim and mocking up something that backed it up, perhaps reasoning that no one would know the difference, but it miscalculated badly (Joe Nocera, now a Bloomberg columnist but then writing for Fortune, recounts the whole cringeworthy story).Choose your lawyers wisely.Microsoft took on the U.S. government led by a combative Gates and an equally aggressive general counsel, Bill Neukom. Gates, the son of an attorney, was outraged, frustrated and convinced the company was being unfairly targeted. One of the company’s outside lawyers, from the firm Sullivan & Cromwell, said the company could put a ham sandwich into Windows if it wanted to. And throughout, Neukom not only failed to tamp down his executives’ worst impulses, he seemed to amp them up. His legal style led observers to point out that his last name -- pronounced `nuke 'em’ -- was quite fitting.The U.S. government’s latest antitrust targets should take heed: If your top executive's style tends towards waving a red flag in front of a bull, you may be wise to consider a top lawyer with a more conciliatory style. Google’s top executives have already raised the ire of lawmakers for refusing to appear before Congress, and no one has ever accused Jeff Bezos of being afraid of a fight. At Facebook, where Zuckerberg regards Gates as a mentor and observers see similarities in their styles and temperaments, this lesson might be particularly important.There are many different ways to lose.Right now, the companies are only at risk of an inquiry -- the agencies are deciding what, if any, action to take. But even at this stage, they should keep in mind that a loss doesn’t only mean a full-scale breakup or forced divestiture. Companies can avoid that extreme fate and still find, as Microsoft did, that the years of distraction from the fight have hampered their business and sucked up executive time and mental energy.In an interview last year at the Code Conference, Microsoft President and Chief Legal Officer Brad Smith lamented the distraction the case caused, and cited it as a reason the company missed out on the search market -- the business that fueled the runaway success of Google, now under the microscope itself. Others have pinned Microsoft’s abysmal performance in mobile computing partially on constraints and distractions from the case. Some of the company’s business missteps can fairly be attributed to poor execution and strategic errors that had nothing to do with the government dispute. Still, the notion that merely fighting an antitrust battle may do almost as much harm as losing one brings us to our last point.Consider settling early.  It's hard to say with certainty what the late 1990s and early 2000s might have looked like for Microsoft had it found a way to settle with the government earlier than 2002. Still, for the government’s current targets, it's worth weighing a settlement against the impact of several years of investigation, a possible loss in court and potentially harsher restrictions or remedies. Amazon, Apple, Facebook and Google probably have a pretty good idea of what regulators may object to, and it’s worthwhile for them to consider ways to assuage those concerns while keeping the core of their businesses and future ambitions intact. The alternative is years of investigations, possibly damaging evidence and testimony, and ample distraction, all leading up to what could be a devastating loss in court. (Updates with earlier comments from Tim Cook. A previous version of this story corrected the attribution of an anecdote about a ham sandwich.)To contact the author of this story: Dina Bass in Seattle at dbass2@bloomberg.netTo contact the editor responsible for this story: Jillian Ward at jward56@bloomberg.net, Mark MilianFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • YouTube Is Considering Changes to Kids Content After Criticism
    Bloomberg4 hours ago

    YouTube Is Considering Changes to Kids Content After Criticism

    (Bloomberg) -- YouTube is considering more changes to how content for kids shows up on the world’s largest video site as criticism mounts that it’s unsafe for children.YouTube, owned by Alphabet Inc.’s Google, is debating changes involving kids’ content, according to a person familiar with the discussions. The Wall Street Journal earlier reported that the company was mulling moving all videos for children to its separate YouTube Kids app. Such a drastic change is unlikely, according to the person, who asked not to be identified discussing in-house company deliberations.The Google unit has long positioned itself as a neutral platform that lets anyone upload and watch whatever videos they want. But now the site is struggling to convince parents and advertisers that it can protect children from violent, upsetting and harmful content. On Monday, Bloomberg reported that children who use YouTube’s main site far outnumber those who stick to the safer, vetted YouTube Kids app.YouTube has already made tweaks to the platform as it tries to create a safer site for children. The company banned comments on thousands of videos featuring kids after predators were found to be using the comment section to flag parts of the videos showing activities that could be twisted to be construed as sexual.“We consider lots of ideas for improving YouTube and some remain just that -- ideas,” a YouTube spokeswoman said in an email. “Others, we develop and launch, like our restrictions to minors live streaming or updated hate speech policy.”YouTube only recently made “responsible growth” its core metric, after years of focusing on engagement, even after employees flagged harmful and misleading videos to executives, Bloomberg reported earlier this year.Major advertisers have frozen YouTube spending at various times out of fear their ads will be shown next to harmful videos. Still, the video site remains, with Facebook Inc. and Instagram, among the most popular places to advertise online.To contact the reporters on this story: Gerrit De Vynck in New York at gdevynck@bloomberg.net;Lucas Shaw in Los Angeles at lshaw31@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Andrew Pollack, Robin AjelloFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Google pledges $1 billion to combat Bay Area housing crisis
    CBS News Videos2 hours ago

    Google pledges $1 billion to combat Bay Area housing crisis

    Silicon Valley companies face blame for the high costs of housing in the San Francisco Bay Area. Now tech giant Google has pledged $1 billion to help ease the growing housing crisis in the area. CNET senior producer Dan Patterson joins CBSN with more.