Alphabet Remains an Underestimated TV Disruptor
It comes as no surprise that people watched a lot of streaming video during the second quarter. Lockdown mandates were common, and even though most have been eased or lifted, many consumers are still largely staying home to minimize the risk of COVID-19 exposure.
What is surprising, however, is what people are watching more of and how they're watching it. Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG), parent to Google and therefore parent to Google's YouTube and Chromecast, has seen meaningful growth on the TV front, and in more ways than one. This digital-centric name is an underestimated threat to conventional cable powerhouses like Comcast and AT&T, for a reason that remains mostly ignored.
Image source: Getty Images.
Source Fool.com
