American multinational technology conglomerate holding company “Alphabet,” Google’s parent company reaches its valuation of $2 trillion, joining Apple and Microsoft.
The CEO Sundar Pichai runs both Google and its parent company Alphabet, which now passed this huge $2 trillion valuation milestone with closing at $2,987.03 per share late on Monday, 8th November.
Since January 2020, Alphabet’s market cap has doubled from $1 trillion and now joins Apple and Microsoft who are already part of the $2 trillion company valuation group in the United States.
For the July-September quarter (Q3), Google’s parent company posted its all-time high revenue of $61.9 billion and $18.9 billion in the net record profit.
In April 2020, Apple became the first company in the world who achieve this big $2 trillion valuation milestone, while Microsoft reached this mark in June this year, and currently, Amazon is also near-behind.
Additionally, for the first time, Elon Musk’s Tesla recently passed a huge $1 trillion company-value achievement, and has since, captured a market share of about $1.25 trillion.
Moreover, Microsoft, led by CEO ‘Satya Nadella’ has now become the world’s most valuable company by positioning Apple in second place. But owing to the difference is not so big, both companies are currently in competition to be the world’s most valuable company with a valuation of around $2.5 trillion.