American tech companies almost did something neat today before messing it up.
After reporting earnings yesterday, Amazon’s shares shot higher this morning, pushing the company’s value north of $1 trillion. Its growth and profits proved toothsome to the investing classes, bolstering the Seattle area’s tech pedigree by adding a second trillion-dollar business to its rolls.
Microsoft and Apple, also flush after reporting their own well-received earnings, are also worth north of $1 trillion apiece. Amazon’s ascension would have brought the group of trillion-dollar American tech shops to four, if Alphabet hadn’t gone and spoiled the fun.
Here’s the chart, on which you can spot Alphabet’s dip back under the $1,000 billion mark:
So close, right?
Perhaps Google and its cadre of money-losing subsidiaries will manage to skate back over $1 trillion today, leaving only little Facebook out of the Cool Kid Clubhouse.
Get it together, Zuck! A billion dollars isn’t cool. You know what is? Being yet another trillion-dollar tech company. Gosh.
Written by Alex Wilhelm
This news first appeared on https://techcrunch.com/2020/01/31/after-earnings-amazon-joins-the-1t-club-as-alphabet-dips-out/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Techcrunch+%28TechCrunch%29 under the title “After earnings, Amazon joins the $1T club as Alphabet dips out”. Bolchha Nepal is not responsible or affiliated towards the opinion expressed in this news article.
