New York: Google’s parent company Alphabet saw its value reach $1 trillion (Dh3.67 trillion) for the first time Thursday, becoming the fourth US tech company to hit the milestone.
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Shares in the online giant rose 0.76 per cent for the day to reach the trillion-dollar mark at the close of trade.
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The Silicon valley group joins Apple, which first reached $1 trillion in 2018 and on Thursday showed a valuation of some $1.38 trillion; and Microsoft, now valued at some $1.26 trillion.
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Another tech titan, Amazon, rose above the trillion-dollar mark in September 2018 but has since declined to a value of around $930 billion.
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Google is the leading online search engine and produced the popular Android mobile operating system.
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Alphabet, formed as a holding company in 2015, has a number of other units working on “moonshot” projects including Waymo on autonomous cars and Verily for life sciences.
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The company announced last year that Google chief executive Sundar Pichai would also assume the CEO functions at Alphabet, raising speculation on whether a fresh reorganization is planned.
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Pichai’s promotion enabled Google co-founders Larry Page and Sergey Brin to step away from daily operations at the company.
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