Tuesday October 20, 2020

Google overtakes Microsoft to become second biggest tech firm

Google has surpassed Microsoft to become the world’s second-largest technology company as computing over the Internet reduces demand for software installed on desktop machines.

1st October, 2012
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Google has a market capitalisation of about $249.2 billion.

Google has surpassed Microsoft to become the world’s second-largest technology company as computing over the Internet reduces demand for software installed on desktop machines.

Google rose 0.7 per cent to $759.98 at 11:13am in New York, for a market capitalisation of about $249.2 billion. Microsoft, the world’s biggest software maker, fell 0.3 per cent to $29.67, about a $248.7 billion valuation.

The milestone follows Google’s rise from a search-engine invented by two Stanford University students into an...

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