BREAKING NEWS 16-year-old girl killed in Freeborn County 2-vehicle crash Full Story
CLOSINGS: View Closings

Amazon worth more than Microsoft for first time

Move over Microsoft. Amazon is now the biggest company in the state of Washington -- and third largest in America....

Posted: Feb 6, 2018 3:22 PM
Updated: Feb 6, 2018 3:22 PM

Move over Microsoft. Amazon is now the biggest company in the state of Washington -- and third largest in America.

Amazon's market value soared above $685 billion, making the Jeff Bezos-led giant worth more than Microsoft for the first time ever. Microsoft's market value currently stands at $684 billion.

Amazon now trails only Apple, which has a market cap of about $815 billion, and Google owner Alphabet, valued at $750 billion.

These tech giants are all in a race to the magical trillion dollar level, a height that no U.S. company has topped as of yet.

But Amazon clearly has the most momentum. Its stock has soared nearly 21% this year, well ahead of the gains of Alphabet and Microsoft. Apple's stock has fallen year-to-date.

Bezos has already passed Microsoft co-founder Bill Gates as the wealthiest person on the planet back in October, according to Forbes and Bloomberg. Bezos is now worth $116 billion, nearly $25 billion more than Gates.

Berkshire Hathaway CEO Warren Buffett and Facebook's Mark Zuckerberg rank third and fourth in the world's richest rankings.

Article Comments

Mason City
Clear
21° wxIcon
Hi: 22° Lo: 0°
Feels Like: 6°
Albert Lea
Scattered Clouds
19° wxIcon
Hi: 20° Lo: -2°
Feels Like: 7°
Austin
Clear
23° wxIcon
Hi: 22° Lo: -1°
Feels Like: 10°
Charles City
Clear
23° wxIcon
Hi: 22° Lo: -1°
Feels Like: 11°
Rochester
Clear
20° wxIcon
Hi: 20° Lo: -4°
Feels Like: 5°
Sunny skies and dangerous cold return
KIMT Radar
KIMT Eye in the sky

Latest Video

Image

Changing the start time for Rochester Public Schools

Image

Raising the age to get married

Image

Sara's Daybreak Forecast - Tuesday

Image

Osage has built a small town powerhouse

Image

Chris' PM Weather Forecast 2/17

Image

Pool and field house moving forward

Image

Cookies for the troops

Image

Riding along as plow drivers clear the roads

Image

Spring Break Travel Danger

Image

Sibshop program helping siblings of kids with disabilities

Community Events