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Tuesday, May 14, 2024
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HomeTechGoogle parent Alphabet reclaims spot in $2 trillion valuation club

Google parent Alphabet reclaims spot in $2 trillion valuation club

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(Reuters) – Alphabet breached the $2 trillion market value mark for the first time since November 2021 on Friday, as investors cheered the Google parent announcing its first-ever dividend and a $70 billion stock buyback.

The stock was last trading up 11.7% at $173.55, after hitting a record high moments after the market opened.

(Reporting by Medha Singh in Bengaluru; Editing by Pooja Desai)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.

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