Longtime Google employee David Drummond is retiring from Alphabet on January 31. In addition to being chief legal officer of the parent company, he leads corporate development.
Sundar Pichai is one of the highest-paid executives in the world. Alphabet today outlined his new compensation package for the expanded role he’s taking on as CEOs of both Google and the parent company.
Following Sundar Pichai becoming CEO of Alphabet last week, the next corporate change is a new member of the parent company’s board of directors. Frances Arnold brings her experience as a Nobel chemistry laureate and CalTech professor.
Larry Page and Sergey Brin announced this afternoon that current Google CEO Sundar Pichai is also taking on the role of Alphabet chief executive. This is described by the co-founders as a move to simplify management.
Early last year, X unveiled Chronicle as the moonshot lab’s latest graduate. Joining Alphabet, it was focused on cybersecurity and included VirusTotal. Back in June, it was folded into Google Cloud where it’s now apparently struggling.
Alphabet today announced Q3 2019 earnings with $40.49 billion in revenue. These numbers range from July to September, and did not entirely meet analyst expectations.
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Last month, reports first emerged that Fitbit was considering a sale and Google’s parent company was tentatively floated as a possible candidate. Reuters this morning is reporting that Alphabet has made an offer to acquire the wearable company.
With the year well underway, Alphabet today announced Q2 2019 earnings with $38.94 billion in revenue. These numbers range from April to June, and slightly surpassed expectations with the stock up 7.39% in after-hours trading.
Chronicle is an Alphabet company dedicated to enterprise cybersecurity. After graduating from the X Moonshot Factory in early 2018, it is now joining Google Cloud.
Following Alphabet’s Q1 2019 earnings yesterday, the parent company announced a number of changes to its board of directors. Eric Schmidt and Diane Greene are not seeking re-election and will be leaving later this year.
Alphabet yesterday reported disappointing Q1 2019 earnings that led to the stock falling in after-hours trading and an over 8% drop Tuesday morning. The company missed revenue by about a billion dollars as ad revenue growth slowed amid worries that advertisers are moving to Facebook and Amazon.
Alphabet this afternoon reported Q1 2019 net income of $6.6 billion on $36.33 billion in revenue. The stock is down over 7% in after-hours trading following a revenue miss. During the earnings call, Alphabet CFO Ruth Porat noted a similar decline for Pixel sales. Google also confirmed the May 7th hardware announcement for I/O 2019.
Alphabet today announced Q1 2019 earnings to start the new year with revenue of $36.33 billion. It notably takes into account the $1.7 billion fine levied by the European Commission over Google AdSense violations. These numbers range from January to March, and did not meet analysis expectations with the stock down over 4% in after-hours trading.
Alphabet’s relationship with Uber is wide-ranging and increasingly contentious. The ridesharing company filed its S1 today ahead of an initial public offering. A number of details about the relationship were revealed, including Uber’s usage of Google Maps and the Waymo threat.
DeepMind — quite prominently — claims to be the “world leader in artificial intelligence research.” AlphaGo and AlphaStar certainly lend credence to that title, but the Alphabet division’s end goal is artificial general intelligence (AGI). If it ever achieves that landmark accomplishment, DeepMind — and not its parent company — will reportedly retain control.
In other energy-related developments today, Alphabet’s Makani energy kite project is graduating from the X Moonshot Factory. It is partnering with oil and gas giant Shell to expand to offshore environments as part of becoming an independent Alphabet company.
Alphabet today announced its Q4 2018 earnings to wrap up the last fiscal year. Including the busy holiday season, Google and the other companies earned $39.27 billion, up 22% from the same quarter last year. These numbers range from October to December and slightly surpassed analyst expectations, but the stock is currently down 3.69% in after hours trading.
Last October, an investigative report detailed how Google shielded top executives like Andy Rubin following accusations of sexual misconduct. Instead of being explicitly fired, their departures included massive compensation packages. Alphabet shareholders today filed suit against the board of directors claiming “breaches of fiduciary duties.”
Retailers and tech companies like Alphabet and Amazon are exploring drones to more efficiently deliver goods to customers. Wing graduated from the X Moonshot Factory in July, but has been conducting tests for several years now. A new report details what living with the pilot program is like.
Technology has the potential to revolutionize healthcare over the coming years with Google internally spinning up a health division, while Alphabet has Verily. The latter today announced a strategic partnership with Walgreens on multiple projects to help patients with chronic conditions, and lower the cost of care.
Nine years since the Google Self-Driving Car Project began and over 10 million autonomous miles later, the company today announced the launch of Waymo One. The Alphabet division is launching the first public self-driving service in Phoenix, Arizona and fully detailing how hailing an autonomous vehicle works.
Back in July, Wing graduated from X to become its own independent company within Alphabet. After testing in Australia, the drone delivery division is expanding to Europe with a trial in Finland this spring.
One of Alphabet’s lesser known companies is focussed on reimagining cities for the future through “cutting-edge technology.” An experiment is underway to create this new kind of space in Toronto, with Sidewalk Labs this week publishing a draft site plan that dives into affordability, infrastructure, and sustainability.
