Amazon ranks as world's most valuable company

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Added On January 9, 2019

 E-commerce giant Amazon has surpassed Microsoft to become the largest company in the world in terms of market value at the stock market close on Monday.

 
Amazon's market value stood at 796.78 billion U.S. dollars at the market close, after its stock price rose by 3.44 percent to close at 1,629.51 dollars apiece for the day.
 
Meanwhile, Microsoft registered market capitalization of 783.57 billion dollars after its shares rose by 0.13 percent.
 
Apple, also a contender for the most valuable company, went down to 701.99 billion dollars in market value, and its stock price hit 52-week low last week.