$1tn is just the start: why tech giants could double their market valuations
by Rupert Neate from Technology | The Guardian on (#4Y3KC)
As Alphabet becomes the latest firm to achieve a 13-figure market cap, analysts still forecast years of growth ahead
Alphabet, the tech giant formerly known as Google, on Thursday night became the fourth company in history to reach a trillion-dollar (776bn) valuation. In less than 24 hours, some analysts were predicting that the company, founded in a messy Silicon Valley garage 21 years ago, could double in value again to become a $2tn firm "in the near future".
The consensus among Wall Street bankers is nothing can stop the runaway share price rises of Alphabet or the other so-called "Faang" tech companies. Facebook, Amazon, Apple, Netflix and Google have seen their combined market value increase by $1.3tn over the past year - that's the equivalent of adding half the value of all the companies in the FTSE 100, or the entire GDP of Mexico.
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