Google Buys Stake in it's first MicroCap Stock in Care.com

Steve Kanaval  |

Google bought a 17% stake in it's first Emerging Market public company in Care.com (CRCM) for $46 million marking a change in strategy for one of the worlds most innovative companies. This is a departure for Google (GOOG) now Alphabet who is better known buying private companies, but this is a relatively small stake and has Larry and Sergi's fingerprints all over it. Shares in Care.com are 40% higher in pre-market trading sending them up near 60% for the year.

Care.com, Inc. operates an online marketplace for finding and managing family care in the United States and internationally. The company helps families to address their life cycle of care needs, including child care, senior care, and special needs care, as well as other non-medical family care needs, such as pet care, tutoring, and housekeeping; and enables caregivers to find full-time and part-time employment opportunities. Its consumer matching solutions provide families access to job posting features, search features, caregiver profiles, and content; and consumer payments solutions allows families to pay a caregiver through Care.com HomePay product. The company offers its services to families, caregivers, and employers, as well as care-related businesses, such as day care centers, nanny agencies, and home care agencies. Care.com, Inc. was founded in 2006 and is headquartered in Waltham, Massachusetts.

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Companies

Symbol Name Price Change % Volume
GOOG Alphabet Inc. 1,148.53 -5.05 -0.44 423,469 Trade
CRCM Care.com Inc. 10.97 0.07 0.64 146,630 Trade

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