Who will become the third most expensive company after Apple and Amazon
The capitalization of the online retailer Amazon briefly exceeded $1 trillion. Microsoft and Google are next who can reach this amount.
On September 4, 2018, Amazon shares exceeded the $2050 mark and the capitalization of the US Internet Magazine for a while became more than $1 trillion. This happened exactly one month after Apple broke the historic market value record and strengthened its price on values above $1 trillion.
Apple has long rivaled Amazon about who will first step over the record sum. Given that now Apple’s capitalization is already $1.1 trillion, and Amazon’s performance fell to $994 billion, it can be safely said that the company from Cupertino defeated the brainchild of Jeff Bezos.
While the Antimonopoly Committee of Europe imposes on Google beggarly $5 billion fines, the American Internet corporation only increases profits and enters into a struggle for the right to become the most expensive company in the world. According to Statista, the top 5 most expensive companies at the beginning of this year were Apple, Amazon, Alphabet (parent company of Google), Microsoft and Facebook.
The indicators remained about the same range, with slight changes. Obviously, leadership remains for Apple, and Amazon is on their heels. The situation is most interesting with the third and fourth place: six months ago Google outperformed Microsoft by almost $16 billion. According to the latest data of Nasdaq, Microsoft’s capitalization is $856 billion, and Google – $837 billion.
According to TechCrunch, in the second quarter of 2018, Alphabet received $32.66 billion in profits, although it did not help Google in the fight against Microsoft.
Facebook certainly became the main loser of the season. Taking into account all the scandals, stock price falls and other swings, the market value of the social network fell to $494 billion. Facebook still remains in the top 5, but now the closest competitors from Google outperform it almost twice. Naturally, the company of Mark Zuckerberg is unlikely to get to $1 trillion in the near future.
Strangely enough, some experts have attributed the achievement of a $1 trillion worth to Tesla by Elon Mask. Of course, unlike others, this company does not receive the main revenue from information technology, but, in any case, the green economy of the future will be based on solutions that Tesla is already implementing. Mask himself, frankly fond of high-profile statements, said that after the acquisition of solar energy company Solar City, the value of the corporation could grow to $1 trillion within one day.
Analyst of the British bank Barclays Ross Sandler predicted that Amazon will somehow become a company with a cost of $1 trillion. The founder and leader of Amazon is the world’s richest man Jeff Bezos. In the international organization Oxfam, which is engaged in reducing poverty, it was estimated that Bezos personally could become the first trillionaire in the world withing the next 25 years.Posted on: September 21, 2018, by : ITC ITC_Admin