Google on Thursday January 16, announced that they have 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.
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. With Thursday’s achievement, Google becomes the fourth.
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.