Google’s parent Company Alphabet hit $1 trillion market capitalization and became the fourth U.S. company to hit the milestone after Apple, Amazon, and Microsoft. The Company hit the numbers right before the market closed on Thursday.
Alphabet was recently taken over by Sundar Pichai after the Company’s co-founders Larry Page and Sergey Brin decided to relinquish their control. Analysts are adamant that the company’s newly appointed CEO is the reason behind this milestone. The Company has been in deep waters for a few years, as many executives have been accused of misconduct. Moreover, the 20,000-person Google Walkout employee protest was a big blow at Alphabet’s reputation.
Overall, the tech sector is expected to soar in 2020. We are expecting some substantial revenues this year. Moreover, the next Company to hit the $1 Trillion milestone will most probably be Facebook.
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