Microsoft is now more valuable than Alphabet2018-05-30 16:35 by Daniela
Tags: Microsoft, Alphabet
In the race between the biggest tech companies, Microsoft just became more valuable than Alphabet by $10 billion. The Redmond-based software giant was valued at more than $753 billion after markets closed in the US on Tuesday, making it the third-largest publicly-traded company in the world after Apple and Amazon, and reflecting the company's continuing growth under CEO Satya Nadella.
Neither Microsoft nor Alphabet experienced an uptick in share price to contribute to this change. On the contrary, both companies saw decreases driven by fears regarding Italy's political and debt crisis.
Alphabet, the parent company of Google and several offshoots like Waymo and Google Fiber, has been leading Microsoft since it was first formed in 2015. But over the past few months, Microsoft slowly gained ground due to its valuable cloud computing business, according to the report.
Google went public in 2004 and spent the next eight years closing the gap with Microsoft, which debuted on the stock market in 1986. Even after Google first passed Microsoft in 2012, the companies flip-flopped several times over the next few years.
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