fbpx
Generic selectors
Exact matches only
Search in title
Search in content
Facebook Fanpage
Twitter Feed
621 Following
860 Followers
Apple Will Allow Parler Back In The App Store Following Suspension https://t.co/P3ktT8t7LQ via @techbooky https://t.co/5rhJ1E52jt
about 1 hour ago
Apache Spark Have The Skills For Big Data Engineering – A Long Way To Go https://t.co/RXajo0ETGw via @techbooky https://t.co/Y4aYSCPjO1
about 1 hour ago
Facebook Users Can Transfer Personal Information Across Other Apps https://t.co/QqXVBkjk7d via @techbooky https://t.co/gj43HKfT7p
2 hours ago
Browse By Categories

Microsoft Beat Google’s Parent Company Alphabet To Become 2nd Most Valuable Company By $10b On Tuesday

Share

Microsoft passed Google’s parent company Alphabet in market value by $10b for the first time in six years on Tuesday. Google overtook Microsoft six years ago but over the last 12 months, Microsoft’s stock value has grown by about 40 percent which according to CNBC is five times Google’s (Alphabet’s) gain.

As of Tuesday the 29th of May 2018, Microsoft had a market value of $749b while Alphabet had $739b. Apple which is the most valuable by market capitalisation is now worth over $920b and is well on track to becoming the world’s first trillion dollar company.

 Here’s more from CNBC;

Microsoft’s latest rally has been sparked by growth in its cloud-computing business, which is bigger than Google’s though it still trails Amazon Web Services. In March, Microsoft reorganized its Windows and Devices Group and moved its engineering resources into other units, including one focusing on cloud and artificial intelligence.

Both Microsoft and Alphabet beat analysts’ expectations in the first quarter.

Google went public in 2004 and spent the next eight years closing the gap with Microsoft, which debuted on the stock market in 1986. Even after Google first passed Microsoft in 2012, the companies flip-flopped several times over the next few years.

But Google, which created Alphabet as its parent company in 2015, took a commanding lead that year and held onto it until this month. Microsoft is now the world’s third most valuable publicly traded company, behind Apple and Amazon. Alphabet is fourth, followed by Facebook and China’s Tencent .

On Tuesday, Microsoft fell 0.6 percent to $97.77, while Alphabet’s Class A shares dropped 1.4 percent to $1,068.63.

Total
1
Shares
Previous Post

Opportunities: The Google Travel And Conference Grants, Unilever Young Entrepreneurs Award and more

Next Post

Google Calendar Now Lets You Add A Note To Changed Events

Related Posts

Subscribe Our Newsletter

Subscribe

Never miss an important Tech news again

   
HTML Snippets Powered By : XYZScripts.com