Brian Womack for Bloomberg:
Google rose 0.7 percent to $759.98 at 11:13 a.m. in New York, for a market capitalization of about $249.2 billion. Microsoft, the world’s biggest software maker, fell 0.3 percent to $29.67, about a $248.7 billion valuation.
The headline is a over-simplification, of course — after all, how can the web beat the PC is a world where you need a PC to access the web? Smartphones and tablets have had at least just as much to do the PC’s “loss”.
Still, there’s no denying that this is symbolic. And in an entirely different way than it was when Apple surpassed Microsoft a couple years ago. Times have changed and for Microsoft, they keep changing — which isn’t a good thing when you dominated the previous times.
And so it’s now Google that stands as the second most valuable tech company. They’ll only need to raise their share price to about $2,000 to pass the number one…