Highlighting a somewhat muted response from investors, Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL) stock is trading about 0.4% lower at the time of this writing on Friday after the company reported its results for the fourth quarter of 2016.
With Google parent Alphabet's (NASDAQ:GOOG) (NASDAQ:GOOGL) fourth-quarter report now behind it, the company's robust revenue growth and its promising traction in hardware and cloud-computing are getting some time in the spotlight.
The share price of GOOGL is currently at $834, bringing the total market capitalization value to $567 billion (the second-largest market cap, right after Apple Inc. (NASDAQ:AAPL)). Personally, I have been following Alphabet's stock price performance ...
NetEase Inc (ADR) (NASDAQ:NTES) Q4 2016 results exceeded Wall Street expectations for the quarter. Revenue of 12.1 billion yuan ($1.74 billion) rose more than 53% over a similar quarter a year earlier.
All too much like James Cameron's 2009 sci-fi flick Avatar, just when you think the feud between Alphabet Inc (NASDAQ:GOOG, NASDAQ:GOOGL) and Oracle Corporation (NYSE:ORCL) is over, you find out it's not.
Alphabet Inc. (GOOGL) subsidiary Access is further tightening its belt. Earlier this week, the company named a new CEO and moved "hundred of workers" from its Fiber division to Google, another company within Alphabet's fold.