The tech business industry is one of the most profitable markets where large companies make billions of dollars each year. Recently Alphabet broke the record and managed to join the trillion-dollar club of which Microsoft, Amazon, and Apple are already members. Above mentioned, big tech companies already have a market capitalization of 1 trillion dollars, and now finally, Google has also made it to this list. It’s been just one month since Sundar Pichai became the CEO of both Google and Alphabet, and the company managed to achieve this milestone.
Last month co-founders of Google and Alphabet I gave everyone shocked when they decided to leave their critical managerial position. However, they provide the full responsibility to run Google and Alphabet to Sundar Pichai, which now seems to be doing a fine job. He had previously done an excellent job of running Google and other ventures successfully, but the Alphabet has lots of different significant responsibilities. Alphabet is a big holding company under which many small companies work and offer their services.
The market capitalization of Alphabet has finally crossed the benchmark of more than $1 trillion, making it one of the most valuable companies in the world. Alphabet currently works in various tech markets because it holds Google, Sidewalk Labs, Verily, Google Fibre, Deepmind, etc. Youtube, which is the world’s second-largest search engine, also works under Alphabet that shows the dominance of this company over a search engine. Google almost enjoys monopoly but having a good competition recently from another search engine called “duckduckgo.” Still, the Alphabet’s investment in cloud computing and other sectors makes it profitable than other tech companies. Now experts are predicting Facebook might be the next trillion-dollar company that currently has a market capitalization of $620 billion. It would be interesting to see how many tech companies would further join this list.