Google parent Alphabet warns of new rivals
Increased competition seen from providers of digital video services, such as Facebook and Netflix, and new businesses such as consumer hardware manufacturing
Alphabet Inc. warned investors about a slew of new competitors, highlighting the company’s broad expansion beyond its original Google search business. Alphabet named rivals including Apple, Netflix and Hulu, while highlighting risks from new businesses such as consumer hardware manufacturing, according to its latest annual report filed with the US Securities and Exchange Commission on Friday. Here are the top new competitive disclosures, gleaned from a comparison between Alphabet’s latest annual report and the filing from a year earlier: — "Providers of digital video services, such as Facebook, Netflix, Amazon, and Hulu." Google’s YouTube has new paid subscription versions of its online video offering that compete more directly with the latter three companies. Executives were cautiously optimistic about this on an earnings call last week. "[It] takes a while to build a subscription business here," Chief Financial Officer Ruth Porat said. — "Digital assistant providers, such as Apple...
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