Google the first trillion dollar company?

Discussion in 'Alternatives to iOS and iOS Devices' started by bobenhaus, Oct 3, 2015.

  1. bobenhaus macrumors 6502a

    Joined:
    Mar 2, 2011
    #1
    I think it might happen!


    http://www.reuters.com/article/2015/10/02/google-restructuring-alphabet-idUSL3N1223H620151002

    n">Oct 2 (Reuters) - Google Inc has morphed into Alphabet Inc.

    After U.S. markets closed on Friday, Alphabet replaced Google as the publicly traded company that will house Google's search and Web advertising businesses, maps, YouTube and its "moonshot" ventures such as driverless cars.

    Google's class A shares and class C shares will automatically convert into the same number of Alphabet class A shares and class C shares and start trading on the Nasdaq from Monday. The ticker symbols will not change.

    The structural overhaul, announced in August, is intended to separate the company's core businesses from ventures such as the driverless cars, glucose-monitoring contact lenses and Internet-connected high-altitude balloons.

    Google's Sidewalk Labs, a company dedicated to coming up with technologies to improve urban city infrastructure such as a free WiFi program, will also be a part of the Alphabet business.

    The core businesses will be called Google and operate as a wholly-owned subsidiary of Alphabet. Sundar Pichai will head Google.

    Alphabet will be run by Google co-founder Larry Page and each of its businesses will have its own chief executive.

    Starting from the company's fourth quarter in January, Alphabet will have two reporting units - Google and all other Alphabet businesses taken as a whole.
     
  2. tbayrgs macrumors 603

    tbayrgs

    Joined:
    Jul 5, 2009
    Location:
    Florida, USA
    #2
    Not sure who'll be the first to hit $1 trillion in market cap, though I'd be willing to wager it'll be either Google or Apple. I believe Apple's current market cap is over $600 billion and Google (or Alphabet) is just over $400 billion so either way, they've both got some ground to cover.
     
  3. bobenhaus thread starter macrumors 6502a

    Joined:
    Mar 2, 2011
    #3
    Google has 2 trading stock symbols and both are over 400 billion each
     
  4. tbayrgs macrumors 603

    tbayrgs

    Joined:
    Jul 5, 2009
    Location:
    Florida, USA
    #4
    It's the same stock, just 2 different tickers. Converting to Alphabet didn't miraculously double their market cap. ;)
     
  5. Fthree macrumors 6502a

    Joined:
    Mar 14, 2014
    #5
    Hopefully AAPL can get over whatever is going on with it in the markets. Seems like its been stagnant/Down a lot lately.
     
  6. tjl3 macrumors 6502a

    Joined:
    Mar 8, 2012
    #6
    Alphabet's market cap is $431.2B, it's just being traded under two different symbols.
     

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