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Monday, October 26, 2020

Alphabet Inc (GOOG) Continued to be Innovative, Google Introduced New Phone App

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Alphabet Inc (NASDAQ:GOOG) biggest unit Google has recently announced a new update to its Nexus phone app. This new update is intended to help Android smartphone and Nexus owners to avoid spam calls. According to Company, device owners will automatically get warnings about the spam calls and they will be able to block and report phone numbers of unwanted calls.

Android and Nexus owners have to update the latest version of the google phone app and they will be able to use new spam protection feature by activating Caller ID on their phones.

Android One smartphone and Nexus users who receive phone calls that Alphabet Inc (GOOG)’s Google accused are spam will get the phrase “suspected spam caller” or “spam” on their devices’ screens. And then to see the suspected spam calls on their devices users can go to phone history and block calls from associated numbers. They also have a choice to report the spam call.

When it comes to the worth, Google parent company Alphabet Inc. (NASDAQ:GOOG) has a market value of $516 billion making it the second most valuable company in the entire globe. While on the other hand, Yahoo posted a net loss of $4.36 billion last year. On Monday, Verizon Communications acquired Yahoo for $4.8 billion.

A big reason of Alphabet Inc (GOOG)’s victory over yahoo has been its consistent management team that work persistently on the technology for its huge online-advertising business. Whereas, Yahoo lingered among six CEOs with ambiguous business models because their main focus was on content rather than technology.

The quality of Google’s search engine attracted millions of users as its leadership team had a focus on search. Google sells ads in its search results and that ad business has become a largest success. Last year this ad business generated approximately $75 billion revenue.

Yahoo also tried to come in competition with Alphabet Inc but didn’t gain that huge success and could not stop the drop in revenue.

Recent Trading Review:

In the last trading session, Alphabet Inc (NASDAQ:GOOGL) declined -0.23% and closed the day at $757.52. However, the stock has performed well through the quarter and rated as winning stock by gaining 5.97%.

According to the Wall Street journal, stock has a price target of $910.90.

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