Google's market value declining ... one thousand billion dollars

New York, Ta. January 17, 2020, Friday

Google's parent company Alphabet's market capitalization today surpassed $ 1 trillion ($ 1,000 billion). Alphabet became the sixth largest in the world and fourth in the United States.

Alphabet is Google's parent company and most of its assets are due to Google. For this reason, market experts attribute this achievement to Google's success. Indian-born technocrat Sundar Pichai was made CEO of Alphabet only in December 2019.

This is then the biggest achievement Google has achieved. The reason for the rise in value was the rise in share prices. On the 15th, Google's stock rose in the US stock market at $ 1451.70. Google shares have seen 26% growth last year and 5% average growth over the past five years.

The world's first one-trillion-dollar company was announced in 2007 by a Chinese government-owned petrochemical. Now, though, his wealth has dropped to just $ 200 billion, as petroleum prices have dropped.

Then last year, for the first time Saudi company Aramco informed the world about its wealth and income. At that time, it was valued at $ 1.87 trillion. Not only that, it had a profit of $ 111 billion, which was much higher than Apple. Apple was considered to be the world's richest company before Aramco released its information.

Apple, Microsoft and Amazon have already achieved this in the US. Apple is the first one trillion-dollar company in America to be created in 2018. After that, the market cap of Microsoft and Amazon was also raised.

Of course, Amazon's share price is no longer a $ 1 trillion company, but now it's valued at $ 0.93 trillion (934 billion). Apple has a market value of $ 1.36 trillion and Microsoft $ 1.23 trillion. Alphabet's quarterly results will be released at the end of February. At that time, the company's assets are likely to increase further.

The total assets of the three companies are higher than the Indian economy

India's economy is projected to be worth $ 5 trillion (5,000 billion) by 2025. At present, the size of India's economy is $ 2750 billion (2.7 trillion) dollars.

By comparing it, it turns out that Alphabet-Google is worth 40% of India's economy. If Apple-Microsoft-Google Trio had a market cap, that figure would have overtaken India's economy.

Technology is, they have wealth

There are four of these six companies in the world that work in the technology sector. The remaining two companies do the petroleum business. If you want the world's top 20 richest companies, then they have the technology. That is, right now the companies that rule the world are the ones who have the technology. The $ 1 trillion company is likely to become Facebook in the near future. Its assets are now worth $ 620 billion.