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Apple is No Longer the World’s Most Valuable Company

If the restructuring of Alphabet into Google's parent company last year didn’t put their name on the map, recent news of its shares beating Apple has. This morning the company announced that their market capitalization has reached $547.1 billion, surpassing that of Apple’s $529.3 billion and making them the world’s most valuable company. 

Alphabet's umbrella encompasses Google and many others, like Nest Labs, Google Capital, YouTube and Uber. It was originally a subsidiary of Google, but in 2015 things were restructured. The role reversal was made possible by the creation of a dummy Alphabet subsidiary, which was merged with Google so that its stock could be made into Alphabet's. Afterwards, the “dummy” was made legitimate and the name was changed to Alphabet Inc. This new massive network, according to Digital Trends, enabled its subsidiaries to focus on their own identities while it looked for new investments. 

Mila Pantovich

An avid traveler, Mila Pantovich splits her time between San Diego, CA and Banff, AB Canada. She has been working with JustLuxe as a writer and editor since 2012 and has been featured in several publications, including Huffington Post. Additionally, she works in marketing for a prestigious securities law firm. Follow her travels on Instagram: @MilaPantovich ...(Read More)

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