Traditional Markets Stock Market Google's Parent Company Hits $1 Trillion Valuation

Google’s Parent Company Hits $1 Trillion Valuation

Google becomes the fastest company to reach $1 trillion valuation, just 15 years after they went public.

It is now one of the four companies to be able to do that, the other three are:

  • Microsoft currently $1.27T, started trading in 1986;
  • Apple currently $1.4T, started trading in 1980;
  • Amazon currently $924B (Fallen from $1T), started trading in 1997;
  • Google currently $1.02T, started trading in 2004.

Just like the other three companies, Google is doing a lot behind the scenes too.

For example, Google Cloud Platform, while still far behind Amazon and Microsoft, has doubled its revenue from $1 billion to $2 billion per quarter between February 2018 and July 2019.

The largest five companies in the S&P 500 Apple, Microsoft, Alphabet, Amazon, and Facebook (which is expected to hit the milestone next) now account for almost 20% of the index, while five years ago, that was only 12%.

Googleplex image via Pixabay.

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