Amazon is now the most valuable public company in the world, passing Microsoft

Amazon[1] is now the largest company by market value, overtaking Microsoft’s[2] hold on the title[3].

market value[4] was about $790 billion Monday morning, compared to Microsoft’s $785 billion. Apple[5], which had been part of a close three-way race[6] for the seat, is now down to about $694 billion in market value after plunging last week[7] on the news of its weak iPhone sales. Google parent company Alphabet[8] has surpassed Apple with a market value of about $740 billion.

Amazon’s stock was up about 2.7 percent on Monday, trading around $1,618 per share, while Microsoft was up just about half a percent at around $102 per share. Microsoft announced Monday[9] it was working with Kroger to take on Amazon’s cashierless Amazon Go stores with its own take.

Subscribe to CNBC on YouTube.[10]

Watch: Amazon may be looking to expand Whole Foods across the US[11]

References

  1. ^ Amazon (www.cnbc.com)
  2. ^ Microsoft’s (www.cnbc.com)
  3. ^ hold on the title (www.cnbc.com)
  4. ^ market value (www.cnbc.com)
  5. ^ Apple (www.cnbc.com)
  6. ^ three-way race (www.cnbc.com)
  7. ^ plunging last week (www.cnbc.com)
  8. ^ Alphabet (www.cnbc.com)
  9. ^ announced Monday (www.cnbc.com)
  10. ^ Subscribe to CNBC on YouTube. (www.youtube.com)
  11. ^ Amazon may be looking to expand Whole Foods across the US (www.cnbc.com)