The market cap of Alphabet, Google's parent company, yesterday exceeded $1T for the first time in its history after the company's shares grew more than 30% over the last year.
The company's shares are growing in spite of the departure of the company's CEO Larry Page and its president Sergey Brin in December. Now the company is led by Sundar Pichai.
After this milestone, Alphabet has just become the 5th company in the world and the 4th in the US to reach a market cap of $1T. The first to surpass this barrier was Apple in August 2018, followed by Amazon, Microsoft and Saudi Aramco.
Alphabet will share its results on February 3, so we will then see whether it manages to consolidate above $1 trillion or not.
According to analysts, Alphabet will close the 2019 financial year with around 162 billion dollars of sales and about 32.4 billion dollars of profits.
Google has recently grabbed headlines after its video streaming service YouTube removed a large number of crypto-related videos in spite of the fact that the service's terms of use do not explicitly prohibit cryptocurrencies. The company later said the removal had been a mistake.
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.