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In terms of market capitalisation, which is the most valuable company with $849.2 billion market cap?
  • a)
    Apple
  • b)
    Google
  • c)
    Amazon
  • d)
    Microsoft
  • e)
    Facebook
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
In terms of market capitalisation, which is the most valuable company ...
Amazon’s market capitalisation touched $702.5 billion. On account of this surge, Amazon became the third most valuable company in the world. Market value of a company’s outstanding shares is referred to as market capitalisation (m-cap). It is calculated by multiplying the current market price of company’s share with total number of outstanding shares. En route to grabbing third spot, Amazon surpassed Microsoft’s market cap of $699.2 billion. In terms of market capitalisation, Apple is the most valuable company with $849.2 billion market cap, followed by Google’s parent company Alphabet at $745.1 billion. Surge in Amazon’s stock prices has made its CEO, Jeff Bezos the richest man in the world. Bezos holds 78.9 million shares of Amazon. Bezos is not just the richest man in world at present, but he has become the world’s richest man ever. This record was held by Microsoft founder Bill Gates with $100 billion in 1999.
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In terms of market capitalisation, which is the most valuable company with $849.2 billion market cap?a)Appleb)Googlec)Amazond)Microsofte)FacebookCorrect answer is option 'A'. Can you explain this answer?
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