Google is officially a $2 trillion company
Google has spent the past year dealing with two of the biggest threats in its 25-year history: the rise of generative AI and the growing drumbeat of regulation. AI, in particular, has shaken the company to its core: it’s made big search changes, realigned the Search, Android, and hardware teams around AI, and launched its own Gemini AI model to capitalize on the opportunity.
Google execs cut projects and laid off employees to refocus, and yesterday, it announced its first-ever dividend and a $70 billion share buyback alongside its Q1 2024 earnings.
Investors, at least, are eating it up: Google parent company Alphabet has finally officially hit and maintained a $2 trillion market cap for a whole day of trading after briefly touching $2...