Google hits $2 trillion market cap, joining ranks of Microsoft and Apple

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Google parent company Alphabet (GOOG, GOOGL) briefly hit a market capitalization of $2 trillion on Monday, less than two years after hitting the $1 trillion mark in January 2020. Its stock price retreated back below $2 trillion shortly after topping the number.

Alphabet joins the ranks of tech giants Apple (AAPL) and Microsoft (MSFT), which are the only other publicly traded U.S. companies to cross the mark. Alphabet’s growth has been powered by its dominance of the online advertising industry, which has long functioned as a de facto duopoly between Google and Facebook.

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