The Alphabet purchase is an exciting step for the company as it furthers its goal to become a major player in the information technology space. Let’s take a look at some of the news on google stock price and how it affects its business model and position. Alphabet announced the acquisition of Sidewise in August, the web-search engine company that was once owned by Google. In a statement, Alphabet said that the acquisition is part of its ongoing efforts to build “a digital portfolio of products and services, which will give customers a more comprehensive range of tools and features than ever before.” In doing so, it is trying to position itself as a web-based company in a competitive market. Currently, Google is the only entity to manage both the search engine and online content businesses.
It appears that Google wants to position itself as the de facto information source for both consumers and businesses. The company currently has very few products of its own, other than its own smartphone, Android. While the company is making great strides toward providing consumers with a more complete experience through its current product line, it does have some competition from Apple and Samsung, who are working on their own smartphones. While it will be interesting to watch the company’s effort to woo customers away from Apple and towards its competitors, it also has a lot of work ahead of it if it wants to establish a dominant position in the mobile device marketplace.
On the other hand, Alphabet’s newest acquisition, Sidewise, is a web navigation company that makes internet marketing more accessible to small and medium businesses. For many years, Sidewise served as a content development partner for several of the biggest names in the media industry, including GOOG stock price. The acquisition is the latest example of a high-profile Google acquisition, and is another example of the company’s willingness to diversify into different business areas in order to increase its overall influence. As part of the deal, Alphabet will take full ownership of Sidewise, which will then become an independent business. The deal was negotiated by Peter Oppenheimer, the founder and CFO of investment firm Geniture.
Alphabet’s other major business is simply not a hardware business, at least not yet. That means that there is not yet any obvious move by Google to acquire another hardware-focused company. However, given the recent success of Google Home, which allows users to control their home entertainment systems with their Google search, it is conceivable that the company could make a similar product offering. Similarly, if you are a fan of Chroma Key, the Chroma Key pen from Google, you will definitely want to keep an eye out for any announcements by the company. At the end of the day, the company is simply looking to strengthen its core business areas, so it probably won’t make any major announcements for the next few months.
So what can we make of this Alphabet Inc. stock news? Well, given the fact that Google is dominating the search market, and it has recently acquired two of the biggest names in internet advertising, it is entirely possible that the company will make a major announcement regarding one or more of its business units tomorrow. You can get more information like cash flow at https://www.webull.com/cash-flow/nasdaq-goog.