![]() In 2014, Google implemented a 2-for-1 stock split of its Class A shares as part of its reorganization under a new parent company called Alphabet. Google went public at an IPO price of $85 back in 2004, but it has since split its stock twice. Today, while Class A and Class C shares represent equal ownership stakes in Alphabet, the public Class A shares with voting rights trade under the ticker GOOGL and the Class C shares with no voting rights trade under the ticker GOOG. In 2014, Google underwent an unconventional stock split that split its public Class A stock by a 2-for-1 ratio, creating a new Class C stock with no voting rights. When Google went public in 2004, the company sold shares of Class A common stock to the public, while Google executives held shares of Class B stock that came with 10 times the voting rights of the public’s Class A shares. By the end of 2011, Google was processing roughly 3 billion daily searches. At the time of its initial public offering, users searched on Google roughly 200 million times daily. ![]() By mid-1999, Google’s search engine was processing 500,000 queries per day.īy the time the company went public in 2004, it reached a valuation of $23 billion. When Google was founded in 1998, the entire company was purely a search engine that focused on optimizing Internet search results. The key to Google’s success may hinge on the company’s ability to stay at the forefront of the AI and internet search arms race while managing regulatory crackdowns and antitrust actions. This exposure will provide plenty of long-term growth opportunities for the stock in the coming years. The stock has exposure to online search, AI, data processing, autonomous vehicles, cloud computing, internet and mobile search, online video streaming and many other secular tech growth trends. The company famed for founding Google has a long history of innovation. Fortunately, Google came roaring back in 2023, largely thanks to a surge in investor interest in AI technology.Īlphabet’s stock hasn’t set a new all-time high since October 2021, but its Class A and Class C common shares are up nearly 48% year to date. It’s a market leader in online advertising and one of the top innovators in artificial intelligence technology.Īlphabet shares dropped 39% in 2022 during a broad tech sector sell-off, the stock’s worst annual performance since 2008. Alphabet is the parent company of Google and YouTube and is the world’s leading online search provider.
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