The Seattle Times reports that Amazon “has toppled Microsoft to become the third most valuable company in the world,” with a market capitalization of $702.5 billion, just above Microsoft’s market value of $699.2 billion.
The story goes on: “Amazon trails only Apple, worth $849.2 billion, and Google parent Alphabet, at $746.4 billion, among publicly traded companies as of Wednesday’s close.
“Amazon has nearly quadrupled in value over the last three years, a surge that made founder and Chief Executive Jeff Bezos the world’s richest man, displacing his Medina neighbor, Microsoft co-founder Bill Gates.”
The story goes on: “Amazon trails only Apple, worth $849.2 billion, and Google parent Alphabet, at $746.4 billion, among publicly traded companies as of Wednesday’s close.
“Amazon has nearly quadrupled in value over the last three years, a surge that made founder and Chief Executive Jeff Bezos the world’s richest man, displacing his Medina neighbor, Microsoft co-founder Bill Gates.”
- KC's View:
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This may be temporary, because it is based on stock prices. nStill, it is impressive.
