Google's parent company #Alphabet reaches $1 trillion valuation
13:00, Friday, 17 January, 2020
Google's parent company Alphabet became the fourth US company to be valued at $1trillion on Thursday.
The company's share price soared throughout the day and closed at $1,450 - its highest ever.
It follows in the footsteps of Apple, Microsoft and Amazon which all reached the milestone last year.
Amazon's market capitalization has retreated back down since then but both Apple and Microsoft remain valued at more than $1trillion.
The valuation marks a strong start to the year on Wall Street and is indicative of the unprecedented strong streak the markets have enjoyed over the last year. Experts say Alphabet's increased strength is down to solely to Google and how ubiquitous it has become.