When Google went public 20 years ago, the spark didn’t really catch at first. But with the Internet giant’s success, the stock also rose. Anyone who was able to secure a share for $85 a share back then would now have around 40 shares in their portfolio at the last price of $164.74 thanks to the price increase and stock splits. In total, the parent company Alphabet, whose core business is Google, brings a good two trillion dollars (1,819.17 billion euros) to the stock market.
- Read here: Google announces further job cuts – “Will not affect all teams”
This makes Alphabet one of the five largest technology companies in the world. In 2023, the company generated a profit of 84.3 billion US dollars on sales of 307.4 billion US dollars. The group is currently led by Indian-born Sundar Pichai.
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Image: APA/AFP/FABRICE COFFRINI
Source: Nachrichten
