A select group

Google joins a rarefied club

When Cisco was crowned as the world’s biggest company by market value in April 2000, its boss hoped it would go on to become the first firm worth over $1 trillion. But its reign was to prove short-lived: deposed by Microsoft two days later, it never regained top spot. It is now in 53rd place.

Cisco may be a cautionary tale for Alphabet, Google’s parent, which on February 2nd usurped Apple to become the world’s most valuable listed company, only to slip back behind the Cupertino-based firm the next day. Come what may, however, Alphabet is now a member of a select club of firms that have led the league over the past quarter-century.

Read the full article on Economist.com