A new survey suggests that 30% of Americans are unsure who owns Google, with 17% believing that Amazon owns it. Although the confusion isn’t surprising — Google and Amazon have been partnering on various projects and could easily be confused as to which one owns the other — it is also simply not true that Amazon owns Google. In reality, Google is owned by Alphabet, Inc., which was created in 2015 when Google restructured itself into separate companies called Alphabet and Google.
Does Amazon own Google?
Amazon doesn’t own Google, Google is owned by Alphabet. Amazon, as we know it now, began as an online bookstore, but has since evolved to sell practically anything imaginable, including music, fashion, groceries, and even cloud services. It has a marketplace where other vendors can list their items for sale in addition to being a merchant.
Google, on the other hand, is a search engine as well as a provider of internet advertising. It was founded in 1998 by two Stanford University freshmen, Larry Page, and Sergey Brin. Even Google employees may not be able to name all of the company’s products and services in one sitting. The most well-known and used Google services are Gmail, Youtube, Docs, Photos, Calendar, Translate, and Google Play.
Both companies, however, are unique in their fields. There is no formal confirmation that Amazon owns Google. Both companies are successful in their respective fields, and they are also competitors. Google offers cloud computing services, and Amazon offers Amazon Web Services as a hosting service. But Jeff Bezos does hold some stakes in Google individually.
What company owns Google?
Alphabet owns Google. Larry Page and Sergey Brin, two Stanford University computer science students, started Google in 1998. Google’s parent firm, Alphabet, Inc., is still in operation today. The firm’s subsidiaries include many familiar brands: YouTube (owned by Google itself), Android and Gmail (each owned by Alphabet), and more than a dozen others.
Does Jeff Bezos own any of Google Shares?
When Jeff Bezos invested $250,000 in Google in 1998, he became one of the company’s earliest stockholders. In 2017, that $250,000 investment yielded 3.3 million shares of Google stock, valued at $3.1 billion. Google certainly doesn’t hold any equity in Amazon and both companies don’t even like each other much.
As you can see, Jeff Bezos still owns a huge chunk of Amazon – about 11% according to the Forbes billionaire list – but he also recently sold $1 billion worth of shares for charity. This isn’t counting other stocks he holds in different businesses through his investment company, Accel Partners. Through his venture capital firm Bezos Expeditions and his private company Nash Holdings LLC, Bezos owns a variety of investments in different firms. Google is one such company, in which Bezos has invested for decades.
Amazon Sales and Competitor
For the second year in a row, Amazon’s annual sales have crossed $100 billion. It’s on track to break that record in the coming years, slowly but steadily eroding Walmart’s dominance as the world’s largest retailer. Amazon surpassed Google parent firm Alphabet ($110 billion) and No. 2 rival Walmart ($305 billion) in revenue in 2016.
According to CNBC, both internet companies rely on advertising more than traditional stores like Amazon. With Amazon accounting for nearly half of all online shopping searches in the United States, it’s understandable that more people will click on their product ads than those of any other company.
Conclusion
Google and amazon do take part in a lot of projects together but Amazon is not the owner of Google is not owned by a single individual or a single company. These both are different companies with different goals and ideas. Such a rumor is pretty much impossible considering that Google’s parent company Alphabet isn’t owned by any individual or entity.
FAQ
What companies does Amazon own?
Amazon is the parent company of nearly 40 companies, including Amazon Web Services, Audible, Diapers.com, Goodreads, IMDb, Shopbop, TeachStreet, Twitch, Zappos, and Zoox.
Does Amazon sell more than Google?
Amazon sells more than twice as much as Google. The majority of people utilize a search engine daily. However, because Amazon’s business strategy is so dissimilar from Google’s, it’s understandable that their outcomes are so dissimilar. Despite this, Amazon sells twice as much as any other online retailer in the United States.
Is Amazon on its way to becoming the world’s largest corporation?
Amazon is a marketplace, retailer, logistics provider, device manufacturer, and technology behemoth that is disrupting a slew of other businesses. Amazon has actively gone into overseas markets, in addition to its U.S.-based retail sector, which includes Whole Foods Markets and Zappos (which Amazon acquired in 2009).
Furthermore, Amazon is starting new businesses and entering new areas, ranging from film production to healthcare. It’s difficult to forecast where Amazon will appear next.
