Google should join the ‘US$2 trillion club’ today; understand | Companies

Alphabet, Google’s holding company, is on track to join the $2 trillion club. In other words, its market value should surpass this mark this Friday, joining a restricted group of companies that have already reached this level and is also made up of Microsoft, Apple and Nvidia.

The company’s shares soared 11% this Friday morning, in negotiations prior to the opening of the stock exchanges in New York, after the group released its financial results for the first quarter. Alphabet’s revenue rose 15% to $80.5 billion in early 2024. And its profit rose 57% to $23.7 billion.

But what really made the shares soar was the information that, for the first time in its history, Alphabet will pay dividends to shareholders – that is, it will pass on part of the profits earned. Technology companies rarely pay out dividends because they reinvest the majority of their earnings.