After three years of work, Google’s parent company Alphabet has once again managed to reach a market value of $2 trillion, joining Nvidia, Apple and Microsoft in the honorable first place.
The past year has been particularly challenging as Google has had to adapt its services to the use and boom of generative artificial intelligence, as well as make changes to comply with various legal regulations. Also, several thousand workers were laid off, but all this has improved the financial situation and future development, so that the holders of Alphabet shares will receive dividends for the first time in history.
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Consequently, Alphabet’s market value also exceeded the 2 trillion dollar threshold on April 26 of this year, after Google’s successful financial data for the first quarter of this year was announced. Although Zuckerberg has honestly said that it is currently difficult to make a profit from the use of artificial intelligence, in the meantime, the head of Google has been able to maneuver through this information, indicating where it already helps and is financially justified in targeting and reaching ad audiences.
Overall, Google has had a profitable start to the year, with year-over-year financials showing improvements in both YouTube ads and subscribers, as well as growth in revenue from device sales. It also manages to successfully compete with TikTok and Instagram Reels thanks to YouTube Shorts short videos.
Tags: Googles parent company Alphabet reaches trillion market cap
