As Google’s Ad Business fetched record profits, its parent company Alphabet Inc.’s quarterly sales topped the charts with record sales. The Ad Business of Google was itself boosted by consumers preference for google search and shopping online. It surged the internet advertising business and increasing advertisers’ budget for marketing.
On Tuesday, February 2, 2022, shares of Alphabet Inc. sored by more than 8% in sessions of after-hour trading’s. Other major reason for the surge was company’s latest announcement that the tech giant would commence splitting its stocks in a twenty-to-one ratio this year for the investors.