Alphabet, Google’s Parent Company, Now Worth $1 Trillion

Alphabet, the parent company of the search engine giant Google and all of its subsidiaries, has just reached a value of $1 trillion in the American stock market, CNN reports.

This makes Alphabet one of only three American companies to be worth over $1 trillion, the others being Apple and Microsoft at $1.4 and $1.3 trillion, respectively. All three companies fall short of the most valuable company on the planet, the oil company Saudi Aramco, which is valued at $1.8 trillion.

Shares of Alphabet have already increased in value by 8% in the first 17 days of 2020 alone. The significant increase in Alphabet and most other stocks is widely attributed to economic optimism following the signing of a new trade deal between the United States and China, as well as Congress passing the USMCA trade deal, the replacement of the NAFTA.

About Eric Lendrum

Eric Lendrum graduated from the University of California, Santa Barbara, where he was the Secretary of the College Republicans and the founding chairman of the school’s Young Americans for Freedom chapter. He has interned for Young America’s Foundation, the Heritage Foundation, and the White House, and has worked for numerous campaigns including the 2018 re-election of Congressman Devin Nunes (CA-22).

Photo: Denis Chalet/AFP/Getty Images

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