Alphabet Becomes The 3rd Company to Reach the Market Value of $2 Trillion
The parent company of Google, Alphabet has successfully crossed the mark of $2 trillion in terms of its market value, with this market value, it has become the third company to achieve the milestone after Apple Inc. and Microsoft Corp. The company crossed the market value of $1 trillion in January 2020.
The company has seen growth in capital after the surge in spending on digital ads and growth in its cloud business. It has also come under the top five tech stock sales companies in the United States of America, Google’s Advertising Business is said to be the reason for this growth in the company’s Market Value.