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| Alphabet officially joins the $ 1 trillion corporate club |
The owner of Google Inc. , Alphabet, for the first time to a $ 1 trillion corporate club, making it the fourth American company to realize this value.
Based on the price of its shares listed on Wall Street, Alphabet's market value exceeded $ 1 trillion Thursday night and closed at a record low of $ 1,450.16 a share. ,
Alphabet officially joins the $ 1 trillion corporate club
The share price rose sharply as the company’s share price at the time of Google’s IPO in 2004 was about $ 85 a share. The value of the company was $ 23 billion at that time. With this success, Alphabet has joined three other former American companies: Microsoft, Apple, and Amazon.
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| Alphabet officially joins the $ 1 trillion corporate club |
Google has strengthened its control over the search market, increased advertising revenue for online search engines and YouTube, introduced and developed Android mobile operating system, and developed a number of smart products, including: smart headphones (Google Home), digital assistant (Google Assistant).
Analysts expect Alphabet to continue to grow to $ 2 trillion in ads and cloud computing because it still has the potential. It also aims to enhance its position in the healthcare sector and its work in the areas of software, internet services and hardware.
After Apple ($ 1.4 Trillion) and Microsoft ($ 1.27 Trillion), Alphabet is the third-largest U.S. company in terms of market value that it exceeds, but is now valued at $ 931 billion.