Watch the video of Google’s parent company Alphabet that topped $1 trillion mark
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Video Credit: Rumble
The public market capitalization of Google’s parent company Alphabet (GOOGL.O) has topped the $1 trillion mark.
It has now become one of the four U.S. companies to join the $1 trillion stock market club after Apple, Amazon, and Microsoft.
On Thursday, Alphabet became the latest high tech company to top the $1 trillion mark.
The company joined Microsoft (MSFT.O), Amazon.com (AMZN.O) and Apple (AAPL.O) in crossing the threshold as its shares closed up 0.76% at $1,450.16 on the session.
However, some investors are worried that Alphabet may tumble after topping the $1 trillion mark as Amazon.com.
According to the Alphabet’s website, ‘Alphabet is mostly a collection of companies.
The largest of which, of course, is Google.
This newer Google is a bit slimmed down, with the companies that are pretty far afield of our main internet products contained in Alphabet instead.’
‘What do we mean by far afield?
Good examples are our health efforts: Life Sciences (that works on the glucose-sensing contact lens), and Calico (focused on longevity).
Fundamentally, we believe this allows us more management scale, as we can run things independently that aren’t very related.’
The founder of the company Larry Page said: “Google is not a conventional company.
We do not intend to become one.
As part of that, we also said that you could expect us to make “smaller bets in areas that might seem very speculative or even strange when compared to our current businesses.”
From the start, we’ve always strived to do more, and to do important and meaningful things with the resources we have.”
The financial update from Alphabet will be released on February 3.
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