Google’s parent company, Alphabet, reached a market value of 2 trillion US dollars. The technology giant’s market value is currently 1.98 trillion US dollars but broke through 2 trillion US dollars at noon on Monday, and then closed at 2,987.03 US dollars per share. Since January 2020, Alphabet’s market value has almost doubled from $1 trillion.

 In the third quarter of 2021, Alphabet set a record quarter performance with a revenue of $65.1 billion. The company reported that its revenue increased by 41%, while profits increased by nearly 69%. Google search revenue increased slightly, from 35.8 billion US dollars in the previous quarter to 37.9 billion US dollars. Another Alphabet company, YouTube, had $7.2 billion in revenue in the most recent quarter.

Throughout the pandemic, Big Tech has exploded. As companies around the world move from face-to-face workplaces to cloud-based remote working environments, Google has benefited in the form of cloud storage subscriptions and digital advertising.

Alphabet almost joined the ranks of Apple and Microsoft, becoming one of the three American companies in the $2 trillion exclusive club. Apple reached this goal in April last year, and Microsoft reached $2 trillion in June last year. Amazon is about to join the $2 trillion club, but its current valuation of $1.7 trillion is slightly insufficient.

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  • Mehr Ali is a Journalist, photographer, and football player.