How Google has earned its place among the financial leaders with a capitalisation of $2 trillion

By: Nastya Bobkova | 27.04.2024, 06:25
How Google has earned its place among the financial leaders with a capitalisation of $2 trillion

Google has been officially recognised as the first company in history to reach a market capitalisation of $2 trillion.

Here's What We Know

Last year was a test of strength for Google, but it also turned out to be a time of great achievements.

During this time, the company reorganised its departments, implemented new strategies in the field of artificial intelligence, and launched its own Gemini AI model. These steps have already led to significant success: Google has announced its first-ever dividend and share buyback of $70 billion, reflecting the company's steady growth and investor confidence in its future.

Even in the face of global challenges, such as regulation and competition from other tech giants, Google continues to show growth and innovation. Recently, the company announced its plans to improve its ability to compete with platforms that include TikTok and Instagram Reels, and is implementing new strategies to increase monetisation on its platform.

Google plans to present its latest developments in detail at the Google I/O developer conference scheduled for 14 May.

Source: The Verge