November 8, 2021 09:12 pm
Original Link: https://www.theverge.com/2021/11/8/22770569/alphabet-google-market-cap-hits-2-trillion
Googles parent company briefly hits $2 trillion valuation
Alphabet, Google’s parent company, briefly hit a market cap of $2 trillion. The tech behemoth’s market cap is currently at a comfortable $1.98 trillion, but crept over the $2 trillion mark midday Monday, later closing out at $2,987.03 per share. Alphabet’s market cap has just about doubled from $1 trillion since January 2020.
In the third quarter of 2021, Alphabet had a record quarter, earning a hefty $65.1 billion. The company reported that its revenue soared by 41 percent, while its profits jumped by almost 69 percent. Google Search saw a slight increase in profit, climbing to $37.9 billion from $35.8 billion in the previous quarter. YouTube, another Alphabet company, earned $7.2 billion in the most recent quarter.
Throughout the...
Original Link: https://www.theverge.com/2021/11/8/22770569/alphabet-google-market-cap-hits-2-trillion
Share this article:
Tweet
View Full Article
The Verge
The Verge is an ambitious multimedia effort founded in 2011More About this Source Visit The Verge