For the first time today Google surpassed Microsoft’s market evaluation and became the world’s second largest tech company after Apple.
Analysts are taking this as a clear indication of how the web is solving tasks previously reserved for the offline PC, and how the growth of mobile has been a key driver to Google’s success.
Google now has over $249 billion in market cap, while Microsoft fell to around $248.8 billion. The two companies will probably trade positions for a certain period of time, but given Google and Microsoft’s dynamics, it’s expected that in a couple of days Google will firmly establish itself on the second place.
Still, that’s the market capitalization, and this means it’s a hugely volatile measure and one that changes swiftly. Still, it’s definitely telling of investors’ sentiment towards the two company, and right now Google is winning it.