Just when you thought Kylie Jenner’s company hitting one billion dollars’ worth of value was a lot, Googles’ parent company Alphabet has surpassed the $1 trillion mark.
Alphabet Inc, (Googles’ parent company) the American multinational conglomerate is the fourth US company to transcend one trillion dollars’ worth of capitalisation. The company follows its tech rivals in the United States who have already achieved the same level of capitalisation, the first being Apple in 2018, followed by Microsoft and Amazon. However, Alphabet currently sits as the third most valuable company in the US, after Amazon dropped back down below the trillion-dollar mark to a total worth of $931 billion.
Alphabet, the technology giant met the milestone just before their markets closed on Thursday night, with the day’s trading ending at $1,451.70 per share, an increase of 0.87 percent.
Alphabet, not to be confused with the 26 letters or the Sesame Street song of the same name, is the parent company of Google.
Google, who hosts their own search engines, forms of advertising, YouTube and Android have seen their value steadily increase from the mass revenues their advertising receives on their multiple platforms, as well as through the launch of their smart-tech products, Google Home and Google Assistant.
This milestone is a huge success for the company and their newly appointed CEO, Sundar Pichai, who have seen the company rise from shares that were once worth $85 back in 2004.
The next company expected to hit the thirteen-figure mark is social media platform Facebook who currently hold a $620 billion-dollar value.