NEW YORK (Reuters) – The trillion-dollar market cap club expanded last week to a third U.S. company, with Google parent Alphabet Inc (GOOGL.O) topping the lofty valuation mark. Adding the next member, however, is likely to take a while.
FILE PHOTO: The logo of Facebook is seen in Davos, Switzerland Januar 20, 2020. Picture taken January 20, 2020. REUTERS/Arnd Wiegmann
Apple Inc (AAPL.O) and Microsoft Corp (MSFT.O) are also worth more than $1 trillion on the stock market. And while Amazon.com Inc (AMZN.O) is currently worth around $935 billion, the e-commerce leader did cross the trillion-dollar threshold briefly in September 2018.
The next closest company is not within $300 billion of the mark, but a handful companies could contend based on their current values.
Social media platform Facebook Inc (FB.O) appears to have the pole position. Its $630 billion market value is about $65 billion more than Berkshire Hathaway Inc (BRKa.N), the next richest company in the S&P 500 .SPX.
But a…
Source Reuters Tech News
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