Following these transactions, Ram holds 282,832 shares directly, while additional shares are held indirectly through various trusts and by his spouse. These transactions were conducted under Rule 10b5-1 Trading Plans, which had been adopted earlier in the year. InvestingPro subscribers can access 13 additional key insights about Alphabet (NASDAQ:GOOGL), including detailed analysis of its strong cash position and market leadership in the Interactive Media & Services industry. Get access to the comprehensive Pro Research Report covering what really matters about Alphabet's financial performance and future prospects. InvestingPro subscribers can access 13 additional key insights about Alphabet, including detailed analysis of its strong cash position and market leadership in the Interactive Media & Services industry. Get access to the comprehensive Pro Research Report covering what really matters about Alphabet's financial performance and future prospects.
Following these transactions, Ram holds 282,832 shares directly, while additional shares are held indirectly through various trusts and by his spouse. These transactions were conducted under Rule 10b5-1 Trading Plans, which had been adopted earlier in the year.
In other recent news, Alphabet Inc., Google's parent company, has made significant strides in quantum computing with the unveiling of its new chip, Willow. The chip has shown promising results in reducing computational errors and performing efficiently in benchmark tests. BofA Securities maintained a Buy rating on Alphabet, emphasizing the potential for the company to establish a strong technological advantage through its continuous innovation. Alphabet's revenue growth over the last twelve months was 14.38%, demonstrating robust financial performance.
In other developments, Google's autonomous driving technology company, Waymo, announced its expansion to Miami. Meanwhile, European regulators have been scrutinizing a discontinued advertising collaboration between Google and Meta Platforms (NASDAQ:META), the parent company of Instagram. The partnership was intended to target teenagers on YouTube for the promotion of Instagram, raising concerns over online privacy for minors.
These recent developments highlight Alphabet's ongoing commitment to technological advancement and market leadership, as well as the regulatory challenges the company faces.
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