Historic day at the offices of the largest web search engine in the world. Alphabet, the parent company of Google, has surpassed on Thursday the trillion dollars of market capitalization, positioning itself as the fourth American company, after Apple, Amazon and Microsoft.
The actions of the tech giant on Wall Street rose throughout the day by 0.76%, closing for the first time slightly above the billion dollar barrier.
The apple company and the one founded by Jeff Bezos exceeded this level in the summer of 2018, while Microsoft achieved it in April 2019. Amazon failed to stay above that value, but the other two technology giants have settled in those figures.
In the case of Alphabet, investors have strongly opted for the company in recent weeks, in an apparent sign of confidence in Sundar Pichai, the new CEO.
The empire based in Mountain View (California), founded in 1998, has grown exponentially to become a business that annually enters more than 100,000 million dollars (85,000 million euros).
In addition to searches, Google also has an almost absolute monopoly of internet advertising revenue, although in this case shared with Facebook.
Alphabet also has websites such as YouTube, platforms such as Android and an important cloud storage business, while maintaining bets in numerous areas such as autonomous cars or drones for package delivery.