Google passes Microsoft to become second-most valuable tech company

“This is a humbling day for Microsoft,” Garett Sloane reports for The New York Post.

“The software giant, once the dominant force in computing, watched as Google whizzed past it to become the second-most valuable tech company, behind Apple,” Sloane reports. “Google caught up to its longtime rival right after the opening bell. Google is up about a percentage point at $761.13, valuing it at $248.8 billion. Microsoft is down slightly at $29.60, giving it a market cap of $248.1 billion [$249.13 billion for GOOG vs. $247.23 for MSFT at the close.]”

Read more in the full article here.

MacDailyNews Note: Apple Inc. (AAPL) closed today with a market value of $618.12 billion, or $121.76 billion more than the values of Google and Microsoft combined.

[Thanks to MacDailyNews Reader “Nicholas C.” for the heads up.]

22 Comments

  1. I hope Microsoft stays in 3rd place forever. Once they get into first in any category, they stop trying. Once IE got 90% market share with IE6, MS let it languish and didn’t update it for 5 years, until Firefox came on the scene and gave it some competition. Unless Microsoft is in a come-from-behind position, they don’t do anything at all.

    1. The problem facing MSFT is its own DNA. MSFT has never seen a reason to cannibalize its own products with something better, expecting its market share, and institutional standardiziation on its products to protect it from competition. That worked for a long, long time, until the Internet created new market segments where MSFT had no presence. Then, MSFT’s DNA kicked in. Not having to innovate for so long, MSFT found it couldn’t, without destroying the only product categories it dominated. This allowed others to run around MSFT, blocking them from the new (much larger) markets.

  2. An advertising company that steals IP shamelessly, whose chairman pilfers IP by sitting on the board of another company, supports other IP stealing companies in the Android field, like Samsung, and actively sells its ‘customers’ personal information.

    I can see why Wall Street rewards shysters like Bernie Madoff and Goldman Sachs. The culture rewards stealing and theft without regard for the intellectual property rights of others.

    1. I don’t understand why google is evil? They’ve done many fantastic things, search, voice, email, calendars. I mean tell me you don’t use one of those functions, or any of the countless other ones?

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