General
Google joins Apple, Microsoft and Amazon as it becomes a $1 trillion company
Google on Thursday, January 16, joined the likes of Apple, Microsoft and Amazon as a $1 trillion company.
The search engine company was able to record the milestone achievement after its parent company, Alphabet ended the day’s trading at $1,451.70 per share, up 0.87 percent.
With Thursday’s achievement, Google became the fourth S&P 500 component to top the lofty level.
Business Insider reported that while Apple and Microsoft are still valued at more than $1 trillion, Amazon which was the second US firm to ever hit the $1 trillion level back in September 2018 has since fallen below the number.
This is the first time that three American companies are worth at least $1 trillion at the same time.
The most valuable company on the planet is still oil giant Saudi Aramco, who went public last month at a valuation of $2 trillion and is currently worth around $1.8 trillion.
Alphabet’s record market valuation came after a historic change in leadership at the company.
Recall that Sundar Pichai became the CEO of both Google and Alphabet after co-founders Larry Page and Sergey Brin announced that they would step back from the company which they founded in 1998.
-
News18 hours ago
FCCPC shuts popular Abuja supermarket over price irregularities
-
Politics22 hours ago
Court halts Ganduje’s suspension, restores APC membership
-
News18 hours ago
Police reportedly arrest two Fubara loyalists in Abuja
-
News18 hours ago
Kenya military helicopter crash kills defence chief, senior officers
-
News9 hours ago
NSA laments booming illegal firearms market in North
-
News8 hours ago
Why Bobrisky is not in Kirikiri prison – NCoS official
-
News5 hours ago
Kano police arrest suspects for disrupting inauguration of new commissioners
-
News8 hours ago
Okonjo-Iweala to address Nigerian lawyers on rebuilding the nation