Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.

Microsoft overtakes Amazon as second most valuable U.S. company

October 26, 2018 7:08 PM
119 0

SAN FRANCISCO (Reuters) - Microsoft Corp (MSFT.O) regained its spot as the second most valuable U.S. company on Friday after a disappointing quarterly report from Amazon.com (AMZN.O) wiped $65 billion off the online retailer’s market capitalization.

Apple Inc (AAPL.O) 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.

Read more

Share in social networks:

Comments - 0