Alphabet is now a $1 trillion company

Google parent Alphabet is now a $1 trillion company, according to Verge “The search giant (GOOG) is the fourth to hit a $1 trillion market cap”.

Google’s parent company Alphabet ($GOOG) is now the fourth US company to hit a market cap of $1 trillion. It hit the number just before markets closed on Thursday, ending the day’s trading at $1,451.70 per share, up 0.87 percent.

Google CEO Sundar Pichai took over as CEO of Alphabet in December, after Google co-founders Larry Page and Sergey Brin relinquished control of Alphabet. It’s been a bumpy couple of years at the company that included allegations of sexual misconduct by executives and a 20,000-person Google Walkout employee protest.

Alphabet is slated to report fourth-quarter earnings on February 3rd, and Wall Street analysts are expecting it to report revenue of $46.9 billion, a year-over-year uptick of almost 20 percent.

Apple was the first US company to hit a $1 trillion cap in 2018, followed later that year by Amazon, and Microsoft hit the $1 trillion mark in April 2019. The first company ever to hit a $1 trillion market cap was PetroChina in 2007. And late last year, Saudi Aramco became the first $2 trillion company shortly after its debut on the Riyadh stock exchange in December.

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Initiating acceleration of solutions Apoorv Gupta (AG) is serial entrepreneur and known for growth hacking, brand management, scalability consulting. He is well conserved in fintech and blockchain space. Monitored and analysed both short and long-term growth plan for startups. Specialties: Investment analysis, competitive analysis, business development & growth marketing.

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