Yahoo Finance Alphabet history: Beyond the Ticker
From Google Search and Android, to Gmail and YouTube – Alphabet (GOOGL, GOOG) is responsible for some of the most used software products in the world, which means it’s also one of the richest companies on Earth.
In 2023 alone, the Google parent generated over $307 billion in revenue, and its market cap is currently pegged at more than $2 trillion. Beyond the Ticker takes a closer look at the company's biggest moments.
1996
Alphabet began as a research project by Stanford University students Larry Page and Sergey Brin called "Backrub". The duo soon changed the name to Google.
1998
The company purchased the Google.com domain and officially incorporated.
2000
Google began selling advertising through Google AdWords, helping to power the company’s revenue moving forward.
2001
Google brought on Eric Schmidt as CEO to grow the company into a tech powerhouse.
2004
The company launched Gmail, which quickly gained popularity thanks to its 1 GB of free storage.
On August 19, 2004, Google went public via initial public offering (IPO) on the Nasdaq at $85 per share, valuing the company at $23 billion.
2005
Google purchased struggling mobile phone software company Android for $50 million, eventually turning it into the most popular mobile operating system in the world.
2006
The company acquired popular internet video company YouTube for $1.65 billion in stock.
2011
Schmidt stepped down as CEO of Google, taking on the role of executive chairman of the board. He resigned from that position in 2018 and left the board entirely in 2019.
2015
Google created a new public holding company, Alphabet Inc., to oversee its various entities including Google itself, as well as companies like Nest, X Development, and Fiber.
Sundar Pichai, who then worked as head of Google’s products, became CEO of Google.
2019
Pichai took on the role of CEO of Alphabet.
2024
Alphabet continues to thrive, reaching a new all-time high stock closing price of $177.85 on May 21, 2024.
Alphabet is now riding the AI hype train into the future, as it spreads the technology across its massive collection of apps and services.
From tech giants to retail titans, Beyond the Ticker is a historical series that takes a deep dive into some of Wall Street's trending companies and how they transformed into the financial icons they are today.
Check out more of our Beyond the Ticker series, and be sure to tune in to Yahoo Finance.
Editor's note: This video was produced by Zach Faulds.
Video transcript
From Google search and Android to Gmail and youtube alphabet is responsible for some of the most used software products in the world, which means it's also one of the richest companies on earth.
In 2023 alone, the Google parent generated over $307 billion in revenue and its market cap is currently pegged at more than $2 trillion on the ticker takes a closer look at the company's biggest moments.
Alphabet began in 1996 as a research project by Stanford University students, Larry Page and Sergey Brin called back rub.
The duo soon changed the name to go by 1998.
The company had purchased the google.com Domain and officially incorporated in 2000, Google began selling advertising through Google ad words helping to power the company's revenue.
Moving forward.
The next year, Google brought on Eric Schmidt as CEO to grow the company into the tech powerhouse.
It is today on August 19th, 2004, Google went public via IP O and the NASDAQ at $85 a share valuing the company at $23 billion.
That same year, Google launched Gmail which quickly gained popularity thanks to its one gigabyte free online storage.
And a year later, the company purchased struggling mobile phone software firm Android for $50 million.
Eventually turning it into the most popular mobile operating system on the planet.
In 2006, the company acquired popular internet video company, youtube for $1.6 billion in stock.
In 2011, Eric Schmidt stepped down as CEO taking on the role of executive chairman of the board.
He resigned from that position in 2018 and left the board entirely in 2019.
In 2015, Google created a new public holding company called Alphabet to oversee its various entities including Google itself, as well as companies like Nest X Development and Fiber Sunar P who then worked as Google's head of products became CEO of Google.
In 2019, Pacha took on the role of CEO of all of alphabet.
Alphabet continued to thrive, reaching a new all time closing price of 100 and $77.85 on May 21st 2024.
The company is now riding the A I hype train into the future as it spreads the technology across its massive collection of apps and services.
