Google parent Alphabet is now a $1 trillion company

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In this photo illustration a Google logo seen displayed on a...

Google’s parent company Alphabet ($GOOG) is now the fourth US company to hit a market cap of $1 trillion. It hit the number just before markets closed on Thursday, ending the day’s trading at $1,451.70 per share, up 0.87 percent.

Google CEO Sundar Pichai took over as CEO of Alphabet in December, after Google co-founders Larry Page and Sergey Brin relinquished control of Alphabet. It’s been a bumpy couple of years at the company that included allegations of sexual misconduct by executives and a 20,000-person Google Walkout employee protest.

Alphabet is slated to report fourth-quarter earnings on February 3rd, and Wall Street analysts are expecting it to report revenue of $46.9 billion, a year-over-year uptick of almost 20 percent.SAUDI ARAMCO WAS THE FIRST $2 TRILLION COMPANY

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Apple was the first US company to hit a $1 trillion cap in 2018, followed later that year by Amazon (which has since dropped below that figure), and Microsoft hit the $1 trillion mark in April 2019. The first company ever to hit a $1 trillion market cap (briefly) was PetroChina in 2007. And late last year, Saudi Aramco became the first $2 trillion company shortly after its debut on the Riyadh stock exchange in December.

Of course, a trillion-dollar valuation doesn’t tell the complete story of the overall economic health of a company, and isn’t used in any meaningful way by investors; it’s mostly a cool-looking vanity metric. The trillion-dollar companies were still among the most-profitable companies in the world last year according to Fortune, however, with Saudi Aramco at the top of the list, Apple second, and Alphabet 7th.

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The next company expected to hit the $1 trillion market cap is Facebook, which, as of the closing bell Thursday, was at about $620 billion.

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