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Amazon Overtakes Microsoft and Apple in Market Value

posted by martyb on Tuesday January 08 2019, @06:02AM   
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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Original Submission

• Re:I regard Apple as a good stock buy Re:I regard Apple as a good stock buy (Score: 2) by driverless on Tuesday January 08 2019, @11:00AM (2 children)

  by driverless (4770) on Tuesday January 08 2019, @11:00AM (#783613)

  For those who aren't quite following all this financial talk, this illustration [wp.com] may help to clarify what's being discussed.

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• Re:I regard Apple as a good stock buy Re:I regard Apple as a good stock buy (Score: 2) by FatPhil on Tuesday January 08 2019, @11:52AM (1 child)

  by FatPhil (863) <{pc-soylent} {at} {asdf.fi}> on Tuesday January 08 2019, @11:52AM (#783626) Homepage

  90% of the movement of value in the world is the movement of bits of paper containing nothing but promises, not actual things. It's wise to familiarise yourself with how that system works, because it affects everyone in the world.
  
  If you're not familiar with the concept of debasement, for example, you're nearly 2000 years behind the times - you've got some catch-up reading to do.
  
  Do not think for one second that I have any respect for the people who have constructed the modern world this way, quite the opposite, I abhor some of the instruments that have been invented in my lifetime, some are wholly designed around relying on bigger idiots, for example. Madoff wasn't the bad egg, he was just playing the same game as everyone else, but badly enough to not get away with it. However, it's pertinent to understand how the system is constructed, and some of the argot that those who work in the field use to describe what's going on. Some of the terms originally had some intrinsic sense, but now there's no real market of real things the abstraction has made them seem like gobbledygook. Read up on the origins, and you'll realise plenty of it is not mystical incantations. (But plenty is too.)

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  Great minds discuss ideas; average minds discuss events; small minds discuss people; the smallest discuss themselves

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  • Re:I regard Apple as a good stock buy (Score: 2) by HiThere on Tuesday January 08 2019, @04:57PM

    by HiThere (866) on Tuesday January 08 2019, @04:57PM (#783730) Journal

    Actually, I believe that debasing currency is nearly as old as currency. IIUC it dates back to the times before coining money was practiced...though in that time it was mainly unofficial actions of officials. Shaving bars of gold that had the king's seal on them, mixing in other metals, etc.

    OTOH, the king's seal was important as a guarantee of purity, because the open market was full of people who would give short weight or mixtures of metals.

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