Google Cloud CEO says video-conferencing use is soaring into the clouds

The head of Alphabet Inc.'s /zigman2/quotes/202490156/composite GOOGL +0.45% /zigman2/quotes/205453964/composite GOOG +0.52% Google Cloud division issued a blog post Tuesday in which he said daily usage of its premium video-conferencing product Google Meet is more than 25 times what it was in January. The outbreak of COVID-19 crisis has resulted in a flood of educators using it and the free service, Google Hangouts, according to Thomas Kurian. Over the last few weeks, he said, Meet's day-over-day growth surpassed 60%.

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Alphabet Inc. Cl A

US : U.S.: Nasdaq

$ 1,892.56

+8.41 +0.45%

Volume: 1.64M

Jan. 22, 2021 4:00p

P/E Ratio

37.79

Dividend Yield

N/A

Market Cap

$1282.98 billion

Rev. per Employee

$1.36M

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Alphabet Inc. Cl C

US : U.S.: Nasdaq

$ 1,901.05

+9.80 +0.52%

Volume: 1.27M

Jan. 22, 2021 4:00p

P/E Ratio

37.96

Dividend Yield

N/A

Market Cap

$1282.98 billion

Rev. per Employee

$1.36M