Google became the world's second-most valuable tech firm
On October 1, 2012 for the first time ever, Google pushed past Microsoft to become the world's second-most valuable tech firm. Now it has fallen back to the number three spot, but with a difference of just over $1bn in market cap between the two, it may be just a matter of time before the Chocolate Factory grabs second place from Microsoft once again. Apple remains the world's most valuable tech firm.
A 30 per cent share price rise over the past three months saw Google's market capitalisation hit $249.19bn on 1 October, putting it ahead of Microsoft then valued at $247.44bn. Microsoft shares have remained largely steady for the past three months. Apple is way ahead of both with a market cap that currently stands at $619.91bn.