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Google becomes number two in market value

Published on Feb 11, 2014 6:18 AM
 
Google logo is seen on a wall at the entrance of the Google offices in Brussels on Feb 5, 2014. 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. -- PHOTO: AFP

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.

 
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