After a court decision not to force Google to sell the Chrome browser, investors reacted with increased confidence, raising the market capitalization of parent company Alphabet to $3 trillion, TechCrunch writes.
Google achieved this result thanks to a softer-than-expected ruling by US Judge Amit P. Mehta in a search monopoly case. Instead of forcing the company to sell Chrome, the company was only ordered to change some business practices.
Moreover, Google even retained the ability to continue paying browser developers like Apple and Mozilla to have the company's search engine set as the default in Safari and Firefox.
By the way, Alphabet becomes the fourth company to reach this mark. Only Apple with a valuation of $3.512 trillion, Microsoft with $3.830 trillion, and NVIDIA, which remains the leader with a record capitalization of $4.329 trillion, are ahead of it.