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.
