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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.
(Score: 1, Insightful) by Anonymous Coward on Sunday October 28 2018, @05:37PM (4 children)
Anyone consider middle-class discretionary spending might be going down the shitter this year?
(Score: 1, Insightful) by Anonymous Coward on Sunday October 28 2018, @06:32PM
Yep. The inherent contradictions of capitalism bite it in the ass every time.
(Score: 1, Informative) by Anonymous Coward on Sunday October 28 2018, @06:33PM (2 children)
Thrift shops FTW
(Score: 0) by Anonymous Coward on Sunday October 28 2018, @09:18PM (1 child)
AliExpress and be quick before postage cost explodes.
(Score: 0) by Anonymous Coward on Monday October 29 2018, @06:43PM
> AliExpress and be quick before postage cost explodes.
When ordering from AliExpress you will run into plenty of bad orders with high return costs or no means of return at all. Those wasted purchases add up and need to be factored into the costs. You may get lucky the first few times but stick with AliExpress and you will get enough bad orders to cancel out any savings.