Editing Alphabet Inc. (section)

=== General Risks ===

# The continuing effects of COVID-19 are highly unpredictable and could be significant, and may have an adverse effect on its business, operations and its future financial performance.
# Its operating results may fluctuate, which makes its results difficult to predict and could cause its results to fall short of expectations.
# Acquisitions, joint ventures, investments, and divestitures could result in operating difficulties, dilution, and other consequences that may harm its business, financial condition, and operating results.
# If Alphabet Inc. was to lose the services of key personnel, Alphabet Inc. may not be able to execute its business strategy.
# Alphabet Inc. relies on highly skilled personnel and, if Alphabet Inc. is unable to retain or motivate key personnel, hire qualified personnel, or maintain its corporate culture, Alphabet Inc. may not be able to grow effectively.
# Alphabet Inc. is exposed to fluctuations in the fair values of its investments and, in some instances, its financial statements incorporate valuation methodologies that are subjective in nature resulting in fluctuations over time.
# Alphabet Inc. could be subject to changes in tax rates, the adoption of new U.S. or international tax legislation, or exposure to additional tax liabilities.
# The trading price for its Class A stock and non-voting Class C stock may continue to be volatile.