Friday, November 8, 2024
spot_img

Top 5 This Week

Related Posts

Google Now Ranks No. 2 Behind Apple As The 2nd Most Valuable Company In America

google-logo-glow-featuredgoogle-logo-glow-featured Bloomberg.com reported today Google has moved ahead of Exxon Mobile Corp to become the second most valuable company in America following Apple.

According to Bloomberg, Google’s market capitalization totals $393.5 billion, representing less than a billion more than Exxon’s $392.6 billion, but $72 billion behind Apple’s market value of $465.5 billion.

As the world’s largest online advertiser, Bloomberg notes Google’s rise is a reflection of the technology industry taking a larger role globally:

Bloomberg’s report goes on to say Exxon has been “under pressure” since last month when the Texas-based oil company reported a 16 percent decrease of net income ($8.35 billion) and 3.3 percent ($110.86 billion) drop in sales. Google, on the other hand, reported an 11 percent rise in revenue, claims Bloomberg, topping the company’s projected revenue of $13.4 billion.

“While shares of Exxon have fallen more than 11 percent this year, Google’s are up 3.5 percent through yesterday,” wrote Bloomberg reporter Brian Womack.


Contributing authors are invited to create content for Search Engine Land and are chosen for their expertise and contribution to the search community. Our contributors work under the oversight of the editorial staff and contributions are checked for quality and relevance to our readers. The opinions they express are their own.


Popular Articles