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NetworkNewsBreaks – Alphabet Inc. (NASDAQ: GOOGL) Featured in Analysis Report

Company: Alphabet Inc. (GOOGL)
Category: Analyst Alerts

Alphabet’s (NASDAQ: GOOGL) subsidiary, Google, an American multinational technology company that specializes in internet-related services and products, was featured in a recent analysis report that discussed its performance, particularly consumer demand in YouTube during the pandemic. The report, written by LikeFolio Founder Andy Swan, reads, “Mentions of YouTube are now only up 8% on a year-over-year basis. After the massive quarantine-induced influx, this has to be disappointing for the company. This ‘reversion to normal’ suggests to me that Google did a poor job of locking in users for the long haul during the COVID crisis, and will soon be returning to business as usual — but with a less enthusiastic advertiser base.”

About Alphabet Inc.

Alphabet is an American multinational conglomerate headquartered in Mountain View, California. It was created through a restructuring of Google on October 2, 2015, and became the parent company of Google and several former Google subsidiaries. The two co-founders of Google continued to remain as controlling shareholders, board members and employees at Alphabet. Alphabet is the world’s fourth-largest technology company by revenue and one of the world’s most valuable companies. For more information, visit www.abc.xyz.

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