The board of directors of Google’s parent company Alphabet authorized a $70 billion share buyback and in 2022, it bought more of its own shares than any other company except Apple.
In making decisions to repurchase your own Class A and C shares, you will consider the price of the shares as well as market conditions. There are also class B shares with voting rights, they are not publicly traded, reports CNBC.
- In February 2023, Alphabet’s stock plunged 8.9% after the chatbot Bard made a mistake during the presentation.
- The fact that Bard can compete with the OpenAi ChatGPT chat bot was announced by Google earlier this month. The main advantage of the product over ChatGPT in the enterprise is Bard’s ability to gather up-to-date information from the Internet. ChatGPT was trained on data published before 2021.
Author:
karina pardaeva
Source: RB
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