SoylentNews

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

posted by martyb on Sunday October 28 2018, @01:10PM   
from the money-money dept.

takyon writes:

Microsoft just leaped over Amazon as second most valuable U.S. company

Microsoft overtook Amazon as second most valuable U.S. company on Friday after investors punished Jeff Bezos' e-commerce behemoth for a disappointing quarterly earnings report, wiping $65 billion off the online retailer's market capitalization.

Apple still tops the list at over $1 trillion after crossing that threshold in September. Microsoft's market capitalization was Wall Street's highest in late 1998 through early 2000 before the dot-com bubble burst.

Amazon's shares dropped 7 percent, the most in nearly three years after its holiday season sales outlook missed targets, fanning concerns that Wall Street's tech darlings are finally starting to face stronger competition.

Microsoft fell a more modest 2 percent in a broad technology sell-off that was also driven by a weaker-than-expected report from Google-parent Alphabet.

---

Original Submission

• Garbage overtakes garbage Garbage overtakes garbage (Score: 5, Funny) by SomeGuy on Sunday October 28 2018, @02:23PM (1 child)

  by SomeGuy (5632) on Sunday October 28 2018, @02:23PM (#754663)

  Which when you look at Windows 10, makes you realize that this says more about the value of US companies.

  Starting Score:	1		point
  Moderation		+3
  Funny=2, Touché=1, Total=3
  Extra 'Funny' Modifier		0
  Karma-Bonus Modifier		+1
  Total Score:		5

• Re:Garbage overtakes garbage (Score: 0) by Anonymous Coward on Sunday October 28 2018, @04:22PM

  by Anonymous Coward on Sunday October 28 2018, @04:22PM (#754696)

  to me it shows just what kind of invalids and sellouts my fellow "americans" are.

  Parent