Alphabet, Google’s parent company crosses $ 1 trillion market value
January 17, 2020 | Investopaper
Alphabet, the parent company of Google, has crossed $1 trillion market value for the first time. It has now become the fourth US Company to reach the one trillion dollars milestone. Apple, Amazon and Microsoft have already touched the $ 1 trillion mark.
In 2018, Apple reached the one trillion dollars market capitalization making it the first US Company to do so. Amazon also achieved the milestone in 2018 while Microsoft crossed the mark in April 2019.
Google went public in 2004. Within 16 years of going public, the stock has rallied to $1 trillion making it the fastest company to reach that value after the the public offering. Apple and Microsoft had gone public in the 1980s while Amazon sold shares through IPO in 1997.
Currently, Apple is valued at $1.4 trillion while Microsoft has market capitalization of $1.27 trillion. Likewise, Amazon is at $931 billion market value.
Facebook which is currently valued at $633 billion may be the next company to hit the $1 trillion mark.
