Reuters/Lindsey Wasson
- Amazon’s market value passed that of Microsoft for the first time Wednesday.
- Amazon is now the third-largest company in the United States.
Shares of Amazon rose 2.57% Wednesday, sending its market value higher than Microsoft for the first time. The e-commerce behemoth is now the third-largest company in the US, behind only Apple ($ 849.24 billion) and Google parent Alphabet ($ 744.73 billion), according to Markets Insider data.
Amazon shares closed Wednesday’s session at $ 1,451, resulting in a market cap of $ $ 602.46 billion — 2.7% larger than Microsoft’s $ 700.56 billion.See the rest of the story at Business Insider
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