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Alphabet Tops Apple As World's Most Valuable Company05:46

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Electronic screens post prices of Alphabet stock, Monday, Feb. 1, 2016, at the Nasdaq MarketSite in New York. Alphabet, the parent company of Google, reports quarterly earnings Monday. (Mark Lennihan/AP)closemore
Electronic screens post prices of Alphabet stock, Monday, Feb. 1, 2016, at the Nasdaq MarketSite in New York. Alphabet, the parent company of Google, reports quarterly earnings Monday. (Mark Lennihan/AP)

Alphabet, the parent company of Google, officially overtook Apple to become the most valuable publicly-traded company in the world, after shares opened nearly 3 percent higher.

The newly restructured company gave its first earnings report Monday, beating Wall Street's expectations and revealing some detail about the figures for its core business and other moonshot ventures.

At the same time, Yahoo Inc. is expected to unveil major cuts, following its earnings report Tuesday afternoon.

Here & Now's Robin Young speaks with Mark Bergen of Re/code for a look at both companies and what the changes mean for their future.

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This segment aired on February 2, 2016.

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