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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: 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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