Alphabet now worth $568bn eclipses Apple from the top spot
Alphabet- Google’s parent company, which is now worth $568bn has toppled Apple who is worth $535bn, as the world’s most valuable company after its latest earning report.
The company reported a profit of £3.4billion ($4.9billion) for the fourth quarter, an increase from $4.7bn a year ago. The announcement sent its share price up by 9 per cent.
Alphabet made $16.3bn and Google’ s operating income rose to $23.4bn as online advertising increased.
Alphabet’s share price of $750 on 1st February 2016.
Lawrence Page (42), of East Lansing, Michigan, pioneer American computer scientist from Stanford University and Internet entrepreneur, who co-founded Google Inc with Sergey Brin, is the CEO of Alphabet Inc.
Sergey Mikhaylovich Brin(42) Russian-born American computer scientist and internet entrepreneur co-founder of Google. During an orientation for new students Sergey met Larry at Stanford and they seemed to disagree on most subjects. Brin’s focus on data mining systems and to convert the backlink data gathered by BackRub;s web crawler and their eventual development of PageRank algorithm and realised that it could be used to build a search engine far superior to existing ones, as the new technology analysed the relevance of the backlinks that connected one Web page to another. Combining their ideas, the pair began using Larry’s dormitory as a search engine laboratory and extracted spare parts from cheap computers to create a device that they used to connect the nascent search engine with Stanford’s broadband campus network. After filling Larry’s room they converted Sergey’s dorm room into an office and programming centre where they tested their new search engine designs on the web. Their rapid growth of their project caused Stanford’s computing infrastructure with some problems. In August 1996, the initial version of Google still on Stanford University website, was made available to internet users. By 1997 BackRub page read “ Some Rough Statics from August 29th 1996, total indexable HTML urls:75, 2306 Million, Total content downloaded 207,022 gigabytes. BackRub is written in Java and Python and runs on several Sun Ultra and Intel Pentiums running Linux. This helped spreading knowledge.
The Washington Post met with Google Founders Sergey Brin and Larry Page in 1998 and refused to back their company. People living through an age of revolutionary change usually fail to grasp what is going around them!