|
|
|
|
When it comes to business volumes, Google is one of the few brands in the tech industry to operate on many fronts. Now under Alphabet, Google earns highly from its search engine business while its sister businesses, including YouTube and Android, are doing better than ever. Hence, it doesn't come as a surprise when the parent company reaches a market worth of $1 trillion, joining the top names in the industry.
In a latest report from CNBC, Google's parent company Alphabet has finally reached the $1 trillion mark, thereby becoming the fourth company in the world to be a part of the exclusive $1 trillion companies club. This club includes three other names from the world of technology itself, which include Apple, Microsoft and Amazon. Alphabet was coined five years ago and it acts as an umbrella company for Google and its related businesses.
Currently, Alphabet owns Google and all of its core businesses, including YouTube, Android and several other projects that spun out of Google before. For Alphabet, the prime business is still Google's search engine and Google's advertising, both of which bring in the cash for the company.
Prior to Alphabet, the only three companies in the world to be a part of the $1 trillion club were Apple, Amazon and Microsoft. Apple was, in fact, the first company to hit the $1 trillion mark in 2018 and was quickly followed by Amazon as well as Microsoft. Alphabet is now the fourth company to join the list and it's quite surprising, given that the company recently underwent a CEO change.
