Google set to become fourth tech firm with a $1 trillion market value
Google set to follow Apple, Amazon and Microsoft to become the fourth tech firm with a $1 trillion market value
Google’s parent company was poised last night to become the fourth tech group to reach a market value of $1trillion.
Alphabet’s market capitalisation stood at around $992billion, putting it within striking distance of the milestone.
Hitting the figure would make it the fourth Silicon Valley business to do so, after Apple, Microsoft and Amazon.
Google parent company Alphabet’s market capitalisation stood at around $992bn, putting it within striking distance of the $1 trillion milestone
Both Apple and Microsoft are still worth more than $1trillion (£770billion) but Amazon has since dropped in value to about $940billion.
The biggest company in the FTSE 100 index is HSBC which is valued at £120billion.
Alphabet’s shares have risen more than 115 per cent since Sundar Pichai took control of its Google arm in 2015. He is now chief executive of the whole Alphabet group.
Google was founded in a garage near Stanford University in…