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Amazon tops Google to become the second most valuable company in the world

 

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Amazon has just overtaken Alphabet, Google's parent company, to become the second most valuable company in the world, with a current market capitalization of 768 billion US dollars as of today's closing bell. Alphabet, which is presently valued at $761 billion, had consistently held the second position to Apple, valued at $889 billion, since around 2016.

The switch in positions comes as a result of Amazon's steady climb in market valuation over the past few years, finally culminating today with a 2.69% increase in stock price while Alphabet's stock fell 0.39%.

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Amazon tops Google to become the second most valuable company in the world was written by the awesome team at Android Police.

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