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.
Late last year, Eric Schmidt stepped down as Alphabet’s chairman, with the company appointing John Hennessy to the role. A former president of Stanford University, the chairman talked about Google’s China plans, Larry Page, and more in an interview with Bloomberg.
One of Verily’s first projects was to make contact lenses that could detect glucose levels from teardrops. Less invasive than fingertip blood pricks for people living with diabetes, the Alphabet company and partner Alcon today announced that it is putting that project “on hold” due to the diabetes premise not being suitable.
Back in 2013, Google went on a robotics shopping spree with seven acquisitions that included Boston Dynamics and a company called Schaft. That effort has so far yet to materialize, with robotics currently under Alphabet’s X. After failing to find a buyer, Alphabet is shutting down the company focused on bipedal robots.
Ahead of the busy holiday season, Alphabet has just reported its Q3 2018 results, with earnings of $33.74 billion — up 21% from the same quarter last year. These numbers range from August to September and did not beat analyst expectations.
Alphabet in January unveiled Chronicle as the latest project to graduate from the X moonshot factory. Focusing on cybersecurity, this company includes the VirusTotal malware scanning tool that Google bought in 2012. Today, the Alphabet division is launching VirusTotal Enterprise for corporate customers that want advanced capabilities.
Likely originating out of Page and Pichai’s absence at a recent hearing on Capitol Hill, Bloomberg is out today with a report asking “Where in the World Is Larry Page?” It goes on to detail the Alphabet CEO’s controversial decision to opt-out of the hearing, his broader distancing of himself from the daily politics and issues at Google, and the many distractions that have kept him busy in recent years.
