hit a $1 trillion market valuation today for the first time ever, becoming the fourth US company to reach the milestone.Apple was the first US company to hit the milestone market valuation in 2018. Since, Microsoft and Amazon have also touched $1 trillion market values. Apple and Microsoft are still valued at more than $1 trillion, but Amazon has since fallen below the number.
The stock gains and consequent record valuation for Alphabet come amid increased calls for online privacy and antitrust regulation that have proven challenging for the business. But despite those concerns, Alphabet and shares of other technology companies have continued to climb, solidifying their spots as leaders in the US market and economy.
Alphabet's record market valuation also comes after a historical change in leadership at the company. In December, co-founders Larry Page and Sergey Brin announced that they would step back from the company, which they founded in 1998. Sundar Pichai took on the top role and is now the CEO of both Google and Alphabet.
Meanwhile, I found change for coffee in an old coat I have. So celebrations all around for us money moguls.
Wow! That’s exciting news!