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News

09 October 2012

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.

http://www.theregister.co.uk/