SEVERE WX : Excessive Heat Warning View Alerts

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
89° wxIcon
Hi: 93° Lo: 73°
Feels Like: 104°
Albert Lea
Clear
91° wxIcon
Hi: 93° Lo: 71°
Feels Like: 102°
Austin
Clear
91° wxIcon
Hi: 93° Lo: 73°
Feels Like: 102°
Charles City
Clear
88° wxIcon
Hi: 91° Lo: 74°
Feels Like: 105°
Rochester
Overcast
87° wxIcon
Hi: 90° Lo: 70°
Feels Like: 103°
Another round of dangerous heat and potentially dangerous storms for Friday
KIMT Radar
KIMT Eye in the sky

Latest Video

Image

Working in the Heat

Image

Search Continues for Missing Man

Image

I-90 Bridge construction frustration

Image

House Fire Displaces Family

Image

House Fire In Kasson

Image

Austin Splash Pad Stays Open

Image

The latest on a search for a missing man in Rochester

Image

Crews battle house fire in Dodge County

Image

Police see uptick in thefts during fair week

Image

Tracking the Heat & Humidity

Community Events