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Ousted by "Apple"
Agencies
According to the Financial Times, Alfabet, the parent company of Google, managed to get Apple out of the list of the richest companies in the world, to be alone on the throne.
In the second quarter of this year, Alfabit had liquidity reserves of $ 117 billion, against $ 102 billion for Apple, said the newspaper.
Economists have said that despite the huge benefits of making money for these companies, getting the title of "king of money" might not pay them much.
According to experts quoted by the Financial Times, wealth could increase the pressure exerted by shareholders for them to spend more on stock repurchases and dividend distributions.
The Alfabet throne in the world's richest companies could result in increased scrutiny of governments and official regulators of Google's dominance.
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