Google becomes number two in market value
NEW YORK (AFP) - Google overtook US oil giant ExxonMobil on Monday to become the world's number two company when rated by market value, behind its high-tech rival Apple.
Even though Google shares fell 0.38 per cent, a bigger drop in Exxon stock allowed the Internet giant to capture the second spot in market capitalization.
Google's market cap at the end of the trading day was US$394 billion (S$499 billion), compared to the US$388 billion of ExxonMobil. Apple remained well ahead with a market capitalisation of US$472 billion.
Google briefly overtook Exxon during the trading session last Friday but Monday was the first time this was confirmed at the close of trade.