Google passed Microsoft today for the title of third-most valuable publicly traded company, following market leaders Exxon Mobil and Apple. The company overtook Microsoft this morning on the New York Stock Exchange, and while some speculated that the new position would be temporary, the market has now closed, solidifying the company's number three spot. Despite concerns over the company's decision to purchase Motorola Mobility, Google's share price is up 30 percent over the previous quarter. The next competitor on Google's horizon is Apple, though the folks from Mountain View have quite the gap to fill if they intend to reach that number two position. Regardless, this is glorious victory for Google, and portrays the growing importance of the web and mobile computing. Source: Wall Street Journal |
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