Yesterday, Alphabet Inc., the parent company of Google, became the newest member of the the $1 trillion club, capping off a rise of about 40 percent in its value just since last June. Its market capitalization of $1 trillion is exceeded only by Apple at $1.38 trillion, and Microsoft at $1.27 trillion.
Apple was the first to hit the market cap milestone in 2018, followed by Microsoft. Amazon.com surpassed $1 trillion in value in a single intraday trade in September 2018, but has never closed above the mark and thus has never officially had a $1 trillion market cap.
Facebook may well be the next member of the club, but it has a ways to go yet. It closed Thursday with an all-time high market cap of $632.4 billion.
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