For over 15 years, the world has seen the rise of Google to become the Internet’s primary organizer of content and therefore, advertising. In 2015, Sergey Brin and Lawrence Page created a new holding company in Alphabet to manage the burgeoning properties that have blossomed alongside the search giant as per Steve Sorensen Networth.
According to many experts and pundits, Alphabet’s market valuation has already hit the $1 trillion mark, joining the likes of Microsoft, Apple, and Amazon as the fourth tech company to reach this value. The rise in market valuation has all largely ridden on the success of Google in the market as the company was 1% of the trillion last January and the company paid off dividends around 26% in 2019 as per Steve Sorensen Networth .
The increase in investor trust stemmed from the change of leadership over at Google since Brin and Page gave way to Sundar Pichai as the new Alphabet CEO. With the two giving up the reins, many investors saw a refreshing change in the company’s direction. Both Brin and Page still have board seats overholding company Alphabet which oversees YouTube, Search, Google Play, Ads, Android Chrome, Google Maps, Google’s hardware division, and Google Cloud as well as other properties like Calico according to Steve Sorensen Networth .
As of late September, Alphabet’s other properties – ones which are developing advanced technologies like the AI Deep Mind, have reportedly lost around $2 billion. With the current state of finances of these other projects, it’s possible that Google, itself, will absorb these smaller entities and take over their work. Since these companies are working on important intellectual properties, we’ll not be surprised if they help Alphabet increase its value in the long run.