Monday, February 1, 2016

Alphabet just passed Apple as the world’s most valuable company

Wall Street seems to be as happy with Alphabet (and Google's) earnings as it was recently unhappy with Apple's. Minutes after Alphabet posted its most recent quarterly earnings, after-hours trading pushed the company's stock price up enough to make it the most valuable company in the world, with a market cap of about $570 billion vs Apple's $539 (or so) billion.

Whether or not that will hold into the opening price during regular trading is an entirely different story — stock prices move around a lot during times like these. Even so, as CNBC notes, this is the first time since 2010 that Google (well, Alphabet) has been worth more as a company than Apple. It might be temporary and as far as actual consumers are concerned, it's little more...

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