Microsoft topples Amazon as second-biggest US company


by www.techradar.com

www.techradar.com— Microsoft is now the second-biggest US company after a disappointing quarterly report from Amazon led it to fall to third place.

www.gsmarena.com—Microsoft switches seats with Amazon as the second most valuable US company. Microsoft just regained its position as the second most valuable US company by market capitalization after losing it to Amazon back in April this year. The news comes after Microsoft reported good quarterly profit driven by its cloud computing business whereas Amazon lost $65 billion off of its market cap. Apple still tops the charts with over $1 trillion value followed by Microsoft and Amazon. The latter's shares dropped 7% after missing targets on its holiday season sales. Microsoft is now...

Mail Online—Amazon overtaken by Microsoft as world's second most-valuable company. The online retailer were superseded late on Thursday evening, despite third quarter revenues increasing 29 per cent to $56.6bn (£44.2bn).

IN—Microsoft overtakes Amazon as second most valuable U.S. company. Microsoft Corp regained its spot as the second most valuable U.S. company on Friday after a disappointing quarterly report from Amazon.com wiped $65 billion off the online retailer's market capitalisation.