The company that owns Google, Alphabet on Thursday announced a major financial milestone of hitting a hue sum of US$1 trillion in Market Capitalization. So now it won’t only be Amazon, Apple and Microsoft to be the US-Based companies to reach such threshold.
While Alphabet was transitioning which saw the exiting of the co-founders of the company, Larry Page and Sergey Brin which now leaves Google CEO, Sundar Pichai to be in charge of both the parent and subsidiary (Google and Alphabet)
While the company might be celebrating it’s success in the market which is rising far, it’s also facing serious issues such as antitrust investigations at both the federal and state levels. Even with that, the company still faces internal discords which sees it’s employees revolting and protesting issues such as the company’s presence in China, or its involvement with the federal security agency at the Pentagon as well as handling sexual harassment allegations put up against it’s senior executives.
Because Google knows too much about you, the company is facing a bunch of scrutiny but still those never hurt the values of the company’s stock with it’s digital advertising business still being it’s primary source of income as the company generated almost $140 Billion in an annual revenue back in 2018. (Alphabet is scheduled to report full-year 2019 earnings Feb. 3.)
- Advertisement -
In case you wonder what Alphabet, Inc. is, it became an umbrella company when Google restructured back in 2015 which led to the ultimate separation of Google businesses such as the Search, Maps, YouTube and other ventures such as it’s Driverless and Med-tech projects.
When asked for comment, the company didn’t immediately send any response about it’s new achievement meanwhile the company is trying it’s possible best to give out back to the community which is part of what the Google.org, it’s philanthropic arm is all about. Also the new Grow with Google initiative saw a pledge of US$ 1 Billion to train people into IT-Based skills.