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Amazon just passed Alphabet to become the world's second most valuable company


steven36

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Apple is now the only company more valuable than Amazon. Amazon has surged 35 percent this year, dwarfing Alphabet's 4 percent gain. Meanwhile, Facebook's slide has dropped its value back below Berkshire Hathaway.

 

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Amazon has passed Alphabet and now trails just Apple among the list of the world's most valuable companies.

 

The e-commerce giant rose 2.7 percent on Tuesday lifting its stock market value to $768 billion. Alphabet, the parent of Google, fell 0.4 percent and is now valued at $762.5 billion.

 

While the U.S. tech mega-caps have rallied in the past year, Amazon's performance has dwarfed them all, with the stock surging 85 percent over the past 12 months, including 35 percent to start 2018.

 

Investors have been piling into Amazon, betting that the company's growing and very profitable cloud computing business will provide the cash needed for investments in original content, physical stores and continuing to build data centers and warehouses.

 

Meanwhile, Facebook's plunge has dropped the social network's market value below Berkshire Hathaway. Facebook, now the seventh most valuable company, has lost over 9 percent of its market capitalization in the past two days following revelations on Friday and over the weekend that Cambridge Analytica had misused data tied to 50 million Facebook users.

 

Microsoft is the fourth biggest company by market cap, followed by China's Tencent.

 

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Did Google lost or Amazon gain?

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1 hour ago, mclaren85 said:

Did Google lost or Amazon gain?

Both,   Google  lost  0.4 % and Amazon  gained 2.7 %

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On 3/20/2018 at 5:38 PM, steven36 said:

Investors have been piling into Amazon, betting that the company's growing and very profitable cloud computing business will provide the cash needed for investments in original content, physical stores and continuing to build data centers and warehouses.

 

Amazon cloud computing is the heart and soul of Amazon business even though Amazon started out as a book seller. With Amazon growing into this big, a data breach or anything similar is going to be a huge mess. I hope cybersecurity does not keep Jeff Bezos up all night. He is already bald, so he can't be pulling hair all night. He should be sleeping like a baby with that kind money or maybe not.

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