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Amazon Overtakes Microsoft and Apple in Market Value

posted by martyb on Tuesday January 08 2019, @06:02AM   Printer-friendly
from the down-from-a-trillion dept.

takyon writes:

Amazon is now the USA's most valuable publicly-traded company by market value:

Amazon's ended trading Monday with a market value of about $797 billion, compared with Microsoft's $783 billion. Apple, which had been part of a close three-way race for the seat, is now down to about $702 billion in market value after plunging last week on the news of its weak iPhone sales. Google parent company Alphabet has surpassed Apple with a market value of about $748 billion.

Previously: Microsoft Overtakes Amazon as Second Most Valuable U.S. Company

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  • (Score: 3, Informative) by FatPhil on Tuesday January 08 2019, @08:46AM

    by FatPhil (863) <{pc-soylent} {at} {asdf.fi}> on Tuesday January 08 2019, @08:46AM (#783597) Homepage
    There is some truth that a report about what was considered a trillion dollar company back in september (by idiots who don't realise that as soon as more than tiny portion of that is monetised, the value tanks) reaching the mighty value of way less than a trillion is a non-story. However, it's one of the circusses the world has available to it, and even a bit of bread for those who have savings they can speculate with (which is a small minority of the population). But given that the rest of the media revels in such reportage, there's no need for it to be covered here - what actually interesting discussions can be had on what are just simple, essentially uninteresting and mostly meaningless, numerical facts.

    Amazon suck, and Bezos is evil, herp derp.
    I prefer Apple because it's shinier.
    etc. etc.
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