{"id":107421,"date":"2020-01-16T23:48:22","date_gmt":"2020-01-16T23:48:22","guid":{"rendered":"https:\/\/appleinsider.com\/articles\/20\/01\/16\/google-parent-company-alphabet-hits-1-trillion-market-cap"},"modified":"2020-01-16T23:48:22","modified_gmt":"2020-01-16T23:48:22","slug":"google-parent-company-alphabet-hits-1-trillion-market-cap","status":"publish","type":"post","link":"https:\/\/sickgaming.net\/blog\/2020\/01\/16\/google-parent-company-alphabet-hits-1-trillion-market-cap\/","title":{"rendered":"Google parent company Alphabet hits $1 trillion market cap"},"content":{"rendered":"<p><!-- font size selector, BEGIN --> <span class=\"cfix\">&nbsp;<\/span> <\/p>\n<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>\n<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>\n<div align=\"center\">\n<div class=\"article-img\"><img decoding=\"async\" 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 decoding=\"async\" src=\"https:\/\/www.sickgaming.net\/blog\/wp-content\/uploads\/2020\/01\/google-parent-company-alphabet-hits-1-trillion-market-cap-1.jpg\"><\/div>\n<p><span class=\"minor2 small gray\">Alphabet CEO Sundar Pichai.<\/span><\/div>\n<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>\n<p>Alphabet is the fourth U.S. company \u2014 and fourth tech sector stock \u2014 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>\n<p>Currently, Apple and Microsoft sit above the $1 trillion mark, while Amazon has since fallen below that line.<\/p>\n<p>Alphabet derives most of its revenue from Google, which acts as an umbrella company for the firm&#8217;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&#8217;s high-water mark with former Google CEO Pichai at the helm.<\/p>\n<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&#8217;s CEO at the time. <\/p>\n<p>Alphabet&#8217;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>\n<p>The company is due to report fourth quarter 2019 earnings on Feb. 3.<\/p>\n<p><\/span> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; By AppleInsider Staff Thursday, January 16, 2020, 03:48 pm PT (06:48 pm ET) 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. Alphabet CEO Sundar Pichai. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":107422,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[57],"tags":[],"class_list":["post-107421","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-apple-insider"],"_links":{"self":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts\/107421","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/comments?post=107421"}],"version-history":[{"count":0,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts\/107421\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/media\/107422"}],"wp:attachment":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/media?parent=107421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/categories?post=107421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/tags?post=107421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}