Alphabet is the parent company of Google and became the first internet company to exceed a $2 trillion market capitalization.
Alphabet crossed the $2 trillion level in November 2021 as its share price rose on strong advertising and cloud-business results. The milestone placed the company among a small group of corporations valued above $2 trillion.
Alphabet was created in 2015 as part of a corporate restructuring. Google became its largest subsidiary, while other activities, including research and experimental projects, were organized under the broader Alphabet structure.
The company’s main businesses include Google Search, YouTube, Google Cloud, Android, and advertising technology. Alphabet is sometimes incorrectly called Google in market rankings, but Google is the principal subsidiary and Alphabet is the publicly traded parent company.