However, as macroeconomic headwinds hit tech companies, the stock began a downtrend that saw it close April at $114.11. The stock price started 2022 at $145.05 and remained relatively steady for the first quarter. Although the price dipped slightly in the following days, it would remain around the $140 mark until the end of the year. Growth continued into 2021, as the company reached an all-time high of $150.97 on 19 November. ![]() GOOGL opened 2020 at $67.42 on 2 January 2020 and would close at $86.81 on 31 December, a 28% rise. The Covid-19 pandemic, and subsequent global lockdowns saw many people begin working remotely, this led to a steep upward trend in the Google stock price as companies and individuals became more reliant on technology to communicate over a distance. On 2 October 2015, both classes of Google shares began trading on Nasdaq as GOOGL and GOOG fully converted into the same number of shares with the same rights, making Google a wholly owned subsidiary of Alphabet.Īlphabet remains the holding company for more than 160 subsidiary companies, the largest being Google. ![]() The new name was chosen to reflect the sentiment of ‘alpha-bet’ (Alpha implies investment return over benchmark). Page mentioned the need to make the company cleaner and more accountable through a new publicly traded entity. On 10 August 2015, Larry Page, one of Google’s co-founders, published the blog post G is for Google, in which he announced the restructuring of one of the world’s biggest companies.
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