Alphabet owns Google and became the first US company founded in the 21st century to join the trillion-dollar market-cap club.
Alphabet passed a US$1 trillion market capitalization during trading on January 16, 2020. The company was created in 2015 through a corporate reorganization in which Google became a subsidiary of the newly formed holding company Alphabet Inc. This structure separated Google’s core businesses from several other ventures.
Alphabet’s largest operations include Google Search, YouTube, Android, Google Cloud, and advertising systems. The company also reports other businesses, including “Other Bets,” which has included projects such as Waymo. The parent company is often mistakenly called Google in market-cap comparisons, but Alphabet is the publicly traded corporate entity. Its market value, like that of other listed companies, changes continuously with the share price.