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November 24, 2018 05:40 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/Fp_5qzgrI0k/microsoft-briefly-overtakes-apple-as-most-valuable-us-company
Microsoft Briefly Overtakes Apple as Most Valuable US Company
Microsoft briefly overtook Apple as the world's most valuable listed company, fulfilling what it almost did eight years ago and adding a feather on the cap on CEO Satya Nadella. From a report: Redmond, Washington-headquartered Microsoft had a market cap of $753.34 billion, beating out the iPhone maker's $746.82 billion in intra-day trade on Friday at the Nasdaq in New York. Apple, however, regained control at the close. According to the Nasdaq website, Apple's market cap rose back up to $817.58 billion. Right behind it is Microsoft, which also increased to $791.19 billion. Tech companies have undergone some rough times recently. In particular, the so-called FAANG group -- Facebook, Amazon, Apple, Netflix and Google (Alphabet) -- had, as at November 20, combined market cap losses of over $1.02 trillion from their recent highs.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/Fp_5qzgrI0k/microsoft-briefly-overtakes-apple-as-most-valuable-us-company
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