Posted on Tuesday, October 02 2012 @ 20:21 CEST by Thomas De Maesschalck
CNET
reports Google's value on the stock market overtook that of Microsoft on Monday. The search giant closed the day with a market cap of $248.89 billion, while Microsoft stood at $247.27 billion. Apple remains the largest tech firm with a market cap of roughly $617.5 billion.
Apple still sits atop the throne. But in the meantime another company has come along to kick Microsoft down a peg: Google, which capped off a summer surge in its stock price by overtaking Microsoft today in market capitalization. In the technology sector, only Apple has a bigger market value.
Google closed the day at $761.98, up 0.99 percent. Microsoft closed at $29.51, down 0.82 percent. And just like that, Google's market capitalization of $248.89 billion overtook Microsoft's value of 247.27 billion.
Google's shares rose over 30 percent this summer.
