Google parent company Alphabet joins ‘trillion-dollar’ club


Google, Alphabet,
Google and  Alphabet CEO, Sundar Pichai

Alphabet on Thursday became the fourth company in the world to reach a $1 trillion market value.

Shares of the Silicon Valley-based parent of Google on Thursday rose 0.8 percent to $1,450.16, giving it a market capitalization of just over $1 trillion for the first time.

Alphabet — whose Google unit was founded in 1998 out of a garage in Menlo Park, Calif., by Larry Page and Sergey Brin — joins the trillion-dollar club with fellow tech juggernauts Apple, Microsoft, and Amazon, all of which have reached the 12-zero milestone over the past two years.

Apple is currently the world’s most valuable company with a market cap of $1.4 trillion. Microsoft is valued at $1.3 trillion, while Amazon has recently slipped to $931 billion.

The achievement comes six weeks after Page and Brin said they were giving up their top jobs at the search giant and handing the reins to Google chief executive Sundar Pichai news that played well on Wall…

Source: Vanguard Newspaper