Microsoft briefly overtook Apple as the world’s most valuable listed company, fulfilling what it almost did eight years ago and adding a feather on the cap on CEO Satya Nadella. From a report: Redmond, Washington-headquartered Microsoft had a market cap of $753.34 billion, beating out the iPhone maker’s $746.82 billion in intra-day trade on Friday at the Nasdaq in New York. Apple, however, regained control at the close. According to the Nasdaq website, Apple’s market cap rose back up to $817.58 billion. Right behind it is Microsoft, which also increased to $791.19 billion. Tech companies have undergone some rough times recently. In particular, the so-called FAANG group — Facebook, Amazon, Apple, Netflix and Google (Alphabet) — had, as at November 20, combined market cap losses of over $1.02 trillion from their recent highs.
of this story at Slashdot.
Source:: Slashdot