Alphabet hits US$1 trillion market cap

GOOGLE’S parent company Alphabet has achieved a US$1 trillion market value, the fourth US company to hit the milestone.
The search-engine giant joins Apple, Amazon and Microsoft as the only firms to achieve such a feat.
Alphabet hit the US$1 trillion mark just before markets closed last Friday, and ended the day at US$1 451,70 per share.
The Wall Street Journal reports Alphabet shares have surged since early December when the company announced Google co-founders Larry Page and Sergey Brin were stepping down from managing the parent company.
Apple and Amazon both surpassed the trillion-dollar threshold in 2018, while Microsoft achieved the feat in April last year.
Apple is now approaching a US$1,4 trillion market cap, while Microsoft is at US$1,27 trillion and Amazon is at US$931 billion, according to the Wall Street Journal.
Facebook is the next likely trillion-dollar contender with a market capitalisation currently standing at US$633 billion.
— Online