For the first time today Google surpassed Microsoft’s market evaluation and became the world’s second largest tech company after Apple.
Analysts are taking this as a clear indication of how the web is solving tasks previously reserved for the offline PC, and how the growth of mobile has been a key driver to Google’s success.
Google now has over $249 billion in market cap, while Microsoft fell to around $248.8 billion. The two companies will probably trade positions for a certain period of time, but given Google and Microsoft’s dynamics, it’s expected that in a couple of days Google will firmly establish itself on the second place.
Still, that’s the market capitalization, and this means it’s a hugely volatile measure and one that changes swiftly. Still, it’s definitely telling of investors’ sentiment towards the two company, and right now Google is winning it.
Still, when it comes to market valuation nobody comes even close to Apple's nearly $632 billion. That's much more than Google and Microsoft combined.
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