01-17-2020, 09:13 AM
Google parent company Alphabet hits $1 trillion market cap
<div style="margin: 5px 5% 10px 5%;"><img src="https://www.sickgaming.net/blog/wp-content/uploads/2020/01/google-parent-company-alphabet-hits-1-trillion-market-cap.jpg" width="1" height="1" title="" alt="" /></div><div><p><!-- font size selector, BEGIN --> <span class="cfix"> </span> </p>
<p class="gray small byline"> By <a href="https://appleinsider.com/cdn-cgi/l/email-protection#1e707b696d5e7f6e6e727b77706d777a7b6c307d7173">AppleInsider Staff </a> <br /><span class="gray">Thursday, January 16, 2020, 03:48 pm PT (06:48 pm ET)</span> </p>
<p> <span><span class="article-leader">Alphabet, parent company of Google, Verily, Waymo and other firms, became the fourth U.S. company to reach a $1 trillion market capitalization on Thursday, just over a month after former Google CEO Sundar Pichai took the reins. <br /></span></p>
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<div class="article-img"><img src="https://www.sickgaming.net/blog/wp-content/uploads/2020/01/google-parent-company-alphabet-hits-1-trillion-market-cap.jpg" alt="Sundar Pichai" height="396" class="lazy" data-original="https://www.sickgaming.net/blog/wp-content/uploads/2020/01/google-parent-company-alphabet-hits-1-trillion-market-cap-1.jpg"><img src="https://www.sickgaming.net/blog/wp-content/uploads/2020/01/google-parent-company-alphabet-hits-1-trillion-market-cap-1.jpg"></div>
<p><span class="minor2 small gray">Alphabet CEO Sundar Pichai.</span></div>
<p>Shares of Alphabet hit $1,450.16 at the bell, with intra-day trading up as much as 0.8%, granting the tech giant a market cap of almost exactly $1 trillion. </p>
<p>Alphabet is the fourth U.S. company — and fourth tech sector stock — to hit the milestone after Apple first breached the $1 trillion threshold <a href="https://appleinsider.com/articles/18/08/02/apple-hits-1-trillion-market-cap-the-first-company-ever-to-hit-milestone">in August 2018</a>. Amazon followed suit <a href="https://appleinsider.com/articles/18/09/04/amazon-briefly-joins-apple-in-1-trillion-valuation-club-in-intra-day-trading">a month later</a>, while Microsoft achieved the lofty valuation in April 2019. </p>
<p>Currently, Apple and Microsoft sit above the $1 trillion mark, while Amazon has since fallen below that line.</p>
<p>Alphabet derives most of its revenue from Google, which acts as an umbrella company for the firm’s bread-and-butter advertising and search income, as well as gains from Android and YouTube. It is fitting, then, that the conglomerate reached today’s high-water mark with former Google CEO Pichai at the helm.</p>
<p>According to <em>CNBC</em>, market analysts <a href="https://www.cnbc.com/2020/01/16/alphabet-stock-hits-1-trillion-market-cap-for-first-time.html">are bullish</a> on Pichai, who was <a href="https://appleinsider.com/articles/19/12/03/sundar-pichai-minted-ceo-of-alphabet-as-google-co-founders-step-aside">minted Alphabet CEO</a> in December after co-founders Larry Page and Sergey Brin formally announced to step down from their respective corporate positions. Page was serving as Alphabet’s CEO at the time. </p>
<p>Alphabet’s efforts in the cloud are also beginning to pay off, with the company doubling its revenue run rate from $1 billion to $2 billion per quarter between February 2018 and July 2019, the report said. While not a segment leader, the firm is investing heavily in the space and expects similar revenue growth in 2020. </p>
<p>The company is due to report fourth quarter 2019 earnings on Feb. 3.</p>
<p></span> </p>
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https://www.sickgaming.net/blog/2020/01/...arket-cap/
<div style="margin: 5px 5% 10px 5%;"><img src="https://www.sickgaming.net/blog/wp-content/uploads/2020/01/google-parent-company-alphabet-hits-1-trillion-market-cap.jpg" width="1" height="1" title="" alt="" /></div><div><p><!-- font size selector, BEGIN --> <span class="cfix"> </span> </p>
<p class="gray small byline"> By <a href="https://appleinsider.com/cdn-cgi/l/email-protection#1e707b696d5e7f6e6e727b77706d777a7b6c307d7173">AppleInsider Staff </a> <br /><span class="gray">Thursday, January 16, 2020, 03:48 pm PT (06:48 pm ET)</span> </p>
<p> <span><span class="article-leader">Alphabet, parent company of Google, Verily, Waymo and other firms, became the fourth U.S. company to reach a $1 trillion market capitalization on Thursday, just over a month after former Google CEO Sundar Pichai took the reins. <br /></span></p>
<div align="center">
<div class="article-img"><img src="https://www.sickgaming.net/blog/wp-content/uploads/2020/01/google-parent-company-alphabet-hits-1-trillion-market-cap.jpg" alt="Sundar Pichai" height="396" class="lazy" data-original="https://www.sickgaming.net/blog/wp-content/uploads/2020/01/google-parent-company-alphabet-hits-1-trillion-market-cap-1.jpg"><img src="https://www.sickgaming.net/blog/wp-content/uploads/2020/01/google-parent-company-alphabet-hits-1-trillion-market-cap-1.jpg"></div>
<p><span class="minor2 small gray">Alphabet CEO Sundar Pichai.</span></div>
<p>Shares of Alphabet hit $1,450.16 at the bell, with intra-day trading up as much as 0.8%, granting the tech giant a market cap of almost exactly $1 trillion. </p>
<p>Alphabet is the fourth U.S. company — and fourth tech sector stock — to hit the milestone after Apple first breached the $1 trillion threshold <a href="https://appleinsider.com/articles/18/08/02/apple-hits-1-trillion-market-cap-the-first-company-ever-to-hit-milestone">in August 2018</a>. Amazon followed suit <a href="https://appleinsider.com/articles/18/09/04/amazon-briefly-joins-apple-in-1-trillion-valuation-club-in-intra-day-trading">a month later</a>, while Microsoft achieved the lofty valuation in April 2019. </p>
<p>Currently, Apple and Microsoft sit above the $1 trillion mark, while Amazon has since fallen below that line.</p>
<p>Alphabet derives most of its revenue from Google, which acts as an umbrella company for the firm’s bread-and-butter advertising and search income, as well as gains from Android and YouTube. It is fitting, then, that the conglomerate reached today’s high-water mark with former Google CEO Pichai at the helm.</p>
<p>According to <em>CNBC</em>, market analysts <a href="https://www.cnbc.com/2020/01/16/alphabet-stock-hits-1-trillion-market-cap-for-first-time.html">are bullish</a> on Pichai, who was <a href="https://appleinsider.com/articles/19/12/03/sundar-pichai-minted-ceo-of-alphabet-as-google-co-founders-step-aside">minted Alphabet CEO</a> in December after co-founders Larry Page and Sergey Brin formally announced to step down from their respective corporate positions. Page was serving as Alphabet’s CEO at the time. </p>
<p>Alphabet’s efforts in the cloud are also beginning to pay off, with the company doubling its revenue run rate from $1 billion to $2 billion per quarter between February 2018 and July 2019, the report said. While not a segment leader, the firm is investing heavily in the space and expects similar revenue growth in 2020. </p>
<p>The company is due to report fourth quarter 2019 earnings on Feb. 3.</p>
<p></span> </p>
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https://www.sickgaming.net/blog/2020/01/...arket-cap/