Business

Alphabet is the fourth US tech company to reach $ 1 trillion valuation

The company's shares closed by $ 1,450.16 last night (16)

Google's office
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  • Google’s parent company, Alphabet, reached yesterday (16) the $ 1 trillion valuation mark
  • The company is the fourth in the US to achieve the milestone, the first ones were Apple, Microsoft, and Amazon

Alphabet, Google‘s parent company, was valued at more than $ 1 trillion in the stock market on Thursday (16), becoming the fourth US tech company to achieve this milestone, according to Financial Times

The much-awaited achievement happened just a few weeks after the co-founders’ decision of stepping back from the company. After Larry Page and Sergey Brin went out of the company’s scene, the investors are focusing all eyes on the new CEO, Sunder Pichai, in order to discover how deep he will be able to drive the business to increase profit. 

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Now, Alphabet got its room side to side with global giants. The first one to reach the $ 1 trillion milestone was Apple in 2018, followed by Microsoft and Amazon