Amazon just passed Alphabet to become the world's second most valuable company

Here are the main points (highlights):

• Apple is now the only company more valuable than Amazon.

• Amazon has surged 35 percent this year, dwarfing Alphabet's 4 percent gain.

• Meanwhile, Facebook's slide has dropped its value back below Berkshire Hathaway.

Note: I am a fan of all three, but I think something is wrong with the market. come on Amazon have cash of $19 Billion while Alphabet (Google) have $100 Billion and Apple have cash of $300 Billion. And also have less profit than both companies. However in terms revenue, it Apple- $229 Billion, Amazon- $177 Billion, and Alphabet- $110 Billion. Apple core businesses are Consumer Electronics/Hardware and Software; Amazon is ecommerce and cloud computing; and Alphabet (Google) is Google and Other Bets.

Link: https://www.cnbc.com/2018/03/20/amazon-just-passed-alphabet-to-become-the-worlds-second-most-valuable-company.html?__source=yahoo%7Cfinance%7Cheadline%7Cstory%7C&par=yahoo&yptr=yahoo

Submitted March 20, 2018 at 04:20PM by snack-fu-bling http://ift.tt/2GaTtQc