Amazon wins another accolade

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Amazon wins another accolade

By CSA Staff - 01/07/2019
Amazon has stolen some of Microsoft Corp.’s thunder.

The online retail giant took Microsoft’s spot as the most valuable publicly traded U.S. company on Monday when its stock popped 3.4%, giving it a market capitalization of $797 billion, according to Bloomberg. Microsoft was valued at $789 billion.

Alphabet Inc., parent company of Google, is in third place, with a market cap of $745 billion. Fourth on the list is Apple, which held the top position for years. The company’s stock price hit 52-week low last week after it issued lower guidance for the fiscal 2019 first quarter. Apple now has a market cap of about $702 billion, down from a record $1.1 trillion in early October, Bloomberg said.

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