- Alphabet Inc. is the fourth company to join the $1 trillion club
- Amazon, Microsoft, and Apple are already in the coveted club
- Apple was the first company to touch the $1 trillion valuation
- Google.com is the most visited website in the world
Alphabet Inc., the parent company of Google, now has a market capitalization of $1 trillion. It is the fourth company to join the elite club of companies with a valuation of $1 trillion.
Alphabet owns Google, YouTube, and Android brands and earns mainly from the search engine and advertising.
Apple was the first company to touch the $1 trillion mark in August 2018 when its share price was trading at $207.05. It was shortly followed by Amazon a month later on September 3, 2018, when the share traded at $2,050.50 apiece, pushing the valuation at $1 trillion. Later, Microsoft hit the $1 trillion mark in April 2019.
The next company which is expected to hit the trillion-dollar valuation mark is Facebook which presently has $630.52 billion market cap, follwed by Berkshire Hathaway, valued around $559 billion.
Google, the name originated from a misspelling of the word “googol”, was founded in September 1998 by Larry Page and Sergey Brin when they were at Stanford University in California. The company went public on August 19, 2004.
On August 10, 2015, Google announced the plan to form a parent company Alphabet and Google became Alphabet’s subsidiary. Sundar Pichai became the CEO of Google, replacing Larry Page, who became the CEO of Alphabet.