Alphabet Inc.
American international technology conglomerate
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2024 | Projected significant growth with revenue expected to reach $350 billion, net income of $100 billion, and workforce expanding to 183,000 employees. |
December 10 2024 | Alphabet unveiled its new quantum computing chip 'Willow', which solved a complex problem in five minutes – a task that would take a classical computer longer than the age of the universe. The announcement caused Alphabet's shares to rise about 5%, with the stock up 25% for the year. |
August 2024 | A United States district court found Alphabet guilty of violating antitrust law in a landmark ruling, marking the first such ruling against a U.S. company in 24 years. Alphabet has appealed the ruling. |
April 26 2024 | Alphabet surpassed a market valuation of $2 trillion for the first time, following the announcement of its first-ever dividend payout and a $70 billion stock buyback program, alongside exceeding first-quarter earnings expectations. |
January 2024 | Waymo, Alphabet's autonomous driving division, filed an application with the California Public Utilities Commission to expand service in Los Angeles. |
2023 | Alphabet was ranked 7th in the Global 2000 (World's Largest Public Companies). |
January 20 2023 | CEO Sundar Pichai announced a significant workforce reduction, laying off approximately 12,000 jobs (6% of global workforce) due to changed economic conditions. |
2022 | Alphabet became the company with the second-highest expenditure on research and development worldwide, spending US$39.5 billion on R&D. |
October 2022 | Alphabet recorded its weakest quarterly growth, experiencing fewer sales in nearly a decade, attributed to potential global recession, strong US dollar, and pandemic impacts. |
June 2022 | Alphabet completed a stock split in mid-2022. |
May 2022 | Russian authorities seized Google's Russian bank account, forcing the company to file for bankruptcy the following month while maintaining free services. |
November 2021 | Alphabet launched Isomorphic Labs, a new company using artificial intelligence for drug discovery, headed by DeepMind CEO Demis Hassabis. |
July 2021 | Alphabet announced Intrinsic, a new robotics software company spun out of X Development. |
June 12 2021 | Japan announced an antitrust probe into Alphabet Inc. and Apple Inc. to investigate potential violations in their dealings with Japanese smartphone makers. |
June 7 2021 | Alphabet Inc. settled an antitrust suit with the French Autorité de la concurrence, paying $270 million, which was less than 0.7% of the company's yearly earnings. |
January 2021 | Loon LLC announced its shutdown due to lack of a scalable and sustainable business model, with CEO Alastair Westgarth making the announcement in a blog post. |
2020 | Strong performance during COVID-19 pandemic with revenue growing to $182 billion, net income reaching $40.2 billion, and employee count increasing to 135,000. |
December 2 2020 | The National Labor Relations Board filed a complaint alleging Alphabet Inc. conducted unlawful monitoring and questioning of workers attempting to unionize, with Alphabet denying any wrongdoing. |
October 2020 | The United States Department of Justice filed an antitrust lawsuit against Alphabet, alleging anti-competitive practices. |
July 2020 | The Google+ privacy lawsuit was settled for $7.5 million, with claimants receiving between $5 and $12 each. |
January 16 2020 | Alphabet became the fourth US company to reach a $1 trillion market value, entering the trillion-dollar companies club. |
2019 | Continued expansion with revenue increasing to $161 billion, net income rising to $34.3 billion, and workforce expanding to 118,000 employees. |
December 3 2019 | Larry Page and Sergey Brin jointly announced their step-down from executive roles, with Sundar Pichai becoming CEO of both Alphabet and Google while they remained as employees with majority board voting power. |
June 2019 | Chronicle Security was merged with Google Cloud, consolidating Alphabet's security and cloud computing operations. |
2018 | Eric Schmidt disclosed the origin of the Alphabet name, revealing it was inspired by the ABC-Straße street address of Google's Hamburg office |
2018 | Larry Page steps down as Chief Executive after leading the company from 2015 to 2018. |
2018 | Significant growth continues with revenue reaching $136 billion, net income rebounding to $30.7 billion, and employee count growing to 98,700. |
October 2018 | A class action lawsuit was filed against Google and Alphabet over a privacy bug that exposed non-public Google+ account data to app developers. |
February 2018 | John L. Hennessy becomes Chair of Alphabet Inc., replacing Eric Schmidt who had served from 2015 to 2017. |
February 2018 | Uber settled the Waymo lawsuit, agreeing not to use the disputed self-driving technology and providing Waymo with a 0.34% equity stake worth approximately $245 million. |
February 2018 | Nest Labs was merged into Google, becoming part of the company's internal structure. |
2017 | Alphabet Inc. filed a lawsuit against Uber over allegedly stolen self-driving car technology, involving 14,000 proprietary documents downloaded by a former Waymo engineer. |
2017 | Alphabet Inc. was identified as the most active investor in the year, surpassing Intel's capital arm and acquiring seven of its own capital-backed startups during the financial year. |
2017 | Company shows growth with revenue increasing to $110 billion, though net income dropped to $12.6 billion. Employee count rises to 80,100. |
November 2017 | Alphabet Inc. led a Series A investment round of $71 million in UnitedMasters, a music startup, alongside Andreessen Horowitz and 20th Century Studios. The startup was founded by Steve Stoute. |
2016 | Alphabet Inc. reports annual revenue of $90.2 billion, with net income of $19.4 billion and 72,000 employees. |
February 1 2016 | Alphabet Inc. surpassed Apple to become the world's most valuable publicly traded company, holding the position briefly until February 3, 2016. |
October 2015 | Alphabet adopted the corporate code of conduct motto 'Do the right thing', modifying the original Google motto 'Don't be evil' |
October 2 2015 | Alphabet Inc. was created through a restructuring of Google, establishing itself as a parent holding company for Google and several former Google subsidiaries. |
August 10 2015 | Google co-founders Larry Page and Sergey Brin announced the creation of Alphabet Inc. as a new public holding company, restructuring Google and separating its subsidiaries under a new corporate structure. |
2014 | Introduction of the .xyz top-level domain, which Alphabet later used for its domain abc.xyz |
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