#market cap

Brian Womack:

Google, which became the world’s largest online advertiser through its dominant search engine, had a higher market capitalization during intraday trading today before falling back at the close in New York to a value of $395.4 billion compared to Exxon’s $395.7 billion, according to data compiled by Bloomberg. Apple had a market value of $463.5 billion. Software company Microsoft Corp. is No. 4 with $303.5 billion.

Technology companies are establishing themselves as key players worldwide as they disrupt industries from retail to finance. Google, which went public in 2004 — 84 years after Exxon — has benefited from consumers moving to online services and content, a trend that’s being accelerated by the growing popularity of smartphones and tablets.

I suspect we’ll see quite a few more tech companies ahead of Exxon in the coming years. Progress.

Deja Two

Two days ago, I wrote this story on TechCrunch predicting that Apple could overtake Exxon this fall as the most valuable public company in the world. 

It got about a billion pageviews, was all over Techmeme, Twitter, Facebook, Google+, etc. Everyone read it. Most of the commenters called me insane, but well, they’re commenters.

Anyway, fast-forward to today.

Mashable: Apple Is $50 Billion Away From Becoming The World’s Most Valuable Company

NYT: World’s Most Valuable Company? Apple Has $50 Billion to Go

Now, am I really to believe that neither of these publications read my post two days ago? (Naturally, there are no links, or this wouldn’t be brought up.) That they independently were tracking and came up with the same idea? Market Cap isn’t a hugely popular thing to watch in our space, it’s just one of those things I’ve obsessed over for a while because I knew it would be interesting to watch over time for contextual purposes. Like this.

Worse, Apple isn’t even really within $50 billion of Exxon yet, they’re still about $55 billion away. So it’s odd that both would jump the gun and push out the post for a milestone that actually hasn’t happened. Unless they had read my story two days before and were tracking the numbers due to that, including the after-hours numbers.

Perhaps it was the part where I suggested that after Apple announced their Q3 earnings (which was the following day — yesterday), the gap with Exxon should close quickly.

I’m sure I’m just being paranoid and that this isn’t yet more jackassery in the blogosphere.

Update: Make it Deja Three.

AllThingsD: Apple Could Eclipse Exxon in Market Cap

The post cites an analyst thinking along these lines. It should cite “an analyst that reads TechCrunch” or just “TechCrunch”.

Update 2: Make it Deja Four.

Electronista (which rarely seems to have its own articles/ideas): Apple poised to beat Exxon Mobil in market cap