Google’s Parent Company is Now Worth a Thousand Billion Dollars
Alphabet has reached a market value of $ 1,000 billion, joining companies like Apple and Microsoft in the exclusive club.
Alphabet’s shares were trading at a record high of $ 1,450 per share on the New York Stock Exchange on Thursday.
The company’s shares have risen more than 8 percent in value since the start of the year, according to CNN.
Google’s parent company joins the company as Amazon, Apple and Microsoft as the fourth company in the US to reach the milestone, a market value of over one trillion dollars, or $ 1,000 billion, which at today’s exchange rate equals nearly $ 8.9 billion.
It is the state-owned Saudi Arabian oil company Aramco that topped the list of the most valuable companies in the world, according to Bloomberg. The company was listed on the stock exchange in December and is currently worth about $ 1,800 billion.