Alphabet, the parent company from Google, recently achieved a rating of 2 trillion dollars. The market cap of the technology giant is currently at a convenience 1.98 trillion dollars but it crept above $ 2 trillion midday Monday, closing at $ 2,987.03 per share. Alphabet’s market cap is almost doubled from 1 trillion dollars from January 2020. Let’s find out all the details together.
In the third quarter of 2021, Alphabet hit record milestones, earning well 65.1 billion dollars. The company reported that its revenue was up by 41%, while its profits went up by nearly 69%. Google Search saw a slight increase of profits, rising to 37.9 billion dollars from 35.8 billion in the previous quarter. YouTube, another Alphabet company, made money $ 7.2 billion in the most recent quarter.
For the duration of the pandemic, Big Techs had a boom. As businesses around the world moved from in-person workplaces to remote, cloud-based workplaces, Google has benefited in the form of cloud storage subscriptions e digital ads.
Alphabet has almost caught up Apple e Microsoft as one of three US-based companies that are part of the exclusive “$ 2 Trillion Club.” Apple reached the milestone inApril last year, while Microsoft hit $ 2 trillion lo last June. Amazon is close to joining the $ 2 trillion club but its current valuation of $ 1.7 trillion is a bit lower.
For more information you can consult the official website.
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