Google's parent company Alphabet saw its value reach $1 trillion for the first time Thursday, becoming the fourth US tech company to hit the milestone. Shares in the online giant rose 0.76 percent for the day to reach the trillion-dollar mark at the close of trade. The Silicon valley group joins Apple, which first reached $1 trillion in 2018 and on Thursday showed a valuation of some $1.38 trillion; and Microsoft, now valued at some $1.26 trillion. LEADINGAnother tech titan, Amazon, rose above the trillion-dollar mark in September 2018 but has since declined to a value of around $930 billion. The company announced last year that Google chief executive Sundar Pichai would also assume the CEO functions at Alphabet, raising speculation on whether a fresh reorganisation is planned.

Source: Daily Nation January 17, 2020 15:33 UTC