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Finance - Profiles - January 17, 2020

Google Becomes a $1 Trillion Company

Google has joined the ranks of Amazon, Apple and Microsoft to become a $1 trillion company. 

On Thursday January 17, the search engine company recorded the milestone achievement after Alphabet (its parent company), ended the day’s trading at $1,451.70 per share, up 0.87 percent.

With this milestone, Google has become the fourth S&P 500 component to top the lofty level achievement.

According to a report by Business Insider, Apple and Microsoft are still valued at more than $1 trillion, while 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 in the world is still oil giant Saudi Aramco who is currently worth around $1.8 trillion after going public in December at an estimated $2 trillion.

This Alphabet’s highest market valuation came after the historic change in leadership as Sundar Pichai became the CEO at the company after 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.

Google LLC is an American multinational technology company that specializes in Internet-related services and products, which include online advertising technologies, search engine, cloud computing, software, and hardware. It is considered one of the Big Four technology companies, alongside Amazon, Apple, and Facebook

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