Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Amazon.com Inc.'s shares surged Friday, pushing its stock market value above $700 billion and threatening to eclipse Microsoft Corp, a day after the online retailing behemoth reported blockbuster results. Amazon's stock was up 3.7 percent at $1,441 per share in afternoon trade, on track for a record high close and putting its market capitalization at $701 billion. Microsoft fell 2.2 percent to $92.97, trimming its market capitalization to about $711 billion.At that price, Amazon would be worth about $850 billion.Microsoft has failed to keep up with Amazon shares, which have surged 73 percent in the past year.
FOLLOW THIS ARTICLE