Google Parent Alphabet Hits $2 Trillion Market Value After Rally This Year (bloomberg.com) 8
Google parent Alphabet rallied Monday to breach $2 trillion in market value for the first time, fueled by a rebound in spending on digital ads and growth in its cloud business. From a report: Its Class A shares gained as much as 1.2% to a record high, with the stock extending a recent rally to a fifth session. Alphabet is the top performer this year among the five biggest U.S. tech stocks by sales, with a 70% advance fueled largely by the growth in Google's advertising business. The share-price gain puts the company in an exclusive club alongside Apple and Microsoft, the latter of which also reached the $2 trillion milestone this year. The Google parent hit $1 trillion in value for the first time in January 2020.
Re: (Score:2)
Be some kind of contest to see which is run more efficient. At least Google boondoggles, unlike government don't run on forever.
Re: (Score:2)
Just being large or have a market value over a particular level, really isn't a factor to determine if a company needs to be broken up, or even for any actions taken to them. While it may feel good to take on the biggest guy out there and bring them down a notch, the real issue isn't how much money Google is valued at, but what actions are they doing that would warren them to be broken up.
Alternate path (Score:1)
Even bigger than the gov't....Maybe it's time we break up these giant trillion dollar corps?
Why don't we start with the government and go from there?
The corporation's can easily grow so large, because they have a very large federal bureaucracy pass laws and regulations to prevent smaller companies from competing.
Or as in recent days, the government mandates you have to buy some corporations product.
With a smaller government and less regulation, you will actually have more companies and competition.
Re: (Score:1)
We don't have to break them up. We just have to stop giving them 120 billion a month in bailout money. That will correct their "valuation" very quickly
Where's the money coming from? (Score:2)
Didn't GOOG market cap hit 1 trillion many months ago? Now it's 2 trillion.
OK, so it was last year GOOG hit 1 trillion: https://www.marketwatch.com/st... [marketwatch.com]
But still, where's the money coming from? Their share curve looks exponential. Apple's too - anything tech related. Even shares of Expedia (EXPE), the travel booking website, are the highest they've ever been.