{"id":292498,"date":"2019-01-08T07:14:09","date_gmt":"2019-01-08T05:14:09","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=292498"},"modified":"2019-01-08T07:14:09","modified_gmt":"2019-01-08T05:14:09","slug":"amazon-becomes-most-valuable-company-moving-past-microsoft","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/internet\/292498\/amazon-becomes-most-valuable-company-moving-past-microsoft\/","title":{"rendered":"Amazon becomes most valuable company, moving past Microsoft"},"content":{"rendered":"
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Amazon.com Inc surpassed Microsoft Corp to become the world\u2019s largest public company on Monday, in the latest example of the list of Wall Street\u2019s biggest names being reordered.<\/p>\n

Shares of the e-commerce company rose 3.4%, a rally that gave it a market capitalization of $797 billion, according to Bloomberg data. While this is down from Amazon\u2019s record market cap, which topped $1 trillion in September, it was enough to push it past Microsoft at $789 billion. Shares of Microsoft, which claimed the title of the world\u2019s most valuable stock in November, rose 0.1% on Monday.<\/p>\n

Such megacap technology and Internet stocks have been jockeying for the top spot for weeks, and Amazon briefly claimed the crown in early December.<\/p>\n

Both companies are now notably larger than Apple Inc, which had held the position for years. The iPhone maker now has a market cap of about $702 billion, down from a record $1.1 trillion in early October. The company has been pressured by weaker-than-expected iPhone demand in China. Last week, it cut its sales outlook, sending the stock to its lowest level since April 2017.<\/p>\n

Apple currently stands as the fourth-largest US stock. In third place is Alphabet Inc, the parent company of Google, which has a market cap of $745 billion.<\/p>\n

\"\"<\/a><\/p>\n

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Read: Amazon Web Services to open new data centres in South Africa<\/a><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Amazon.com Inc surpassed Microsoft Corp to become the world\u2019s largest public company on Monday, in the latest example of the list of Wall Street\u2019s biggest names being reordered.<\/p>\n","protected":false},"author":59,"featured_media":261397,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[9882],"tags":[55,26,169],"class_list":["post-292498","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-internet","tag-amazon-com","tag-headline","tag-microsoft"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/292498","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=292498"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/292498\/revisions"}],"predecessor-version":[{"id":292504,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/292498\/revisions\/292504"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/261397"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=292498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=292498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=292498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}