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LequteMan
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Microsoft has displaced oil giants Exxon as the world's second largest company due to the falling oil prices, The BBC reports:
Energy giant Exxon has ceded its position as the world's second-largest public company to tech firm Microsoft, after concerns about the falling price of oil drove its shares down.
Exxon's shares traded at $94.90 midday on Friday, reducing the total value of all its shares, or market capitalisation, to $401.9bn (£256.7bn).
Shares in Microsoft - which have been rising after a strong October earnings report - hit $49.81.
That gives it a value of $410.5bn.
click here to read more
#Microsoft #Exxon
Energy giant Exxon has ceded its position as the world's second-largest public company to tech firm Microsoft, after concerns about the falling price of oil drove its shares down.
Exxon's shares traded at $94.90 midday on Friday, reducing the total value of all its shares, or market capitalisation, to $401.9bn (£256.7bn).
Shares in Microsoft - which have been rising after a strong October earnings report - hit $49.81.
That gives it a value of $410.5bn.
click here to read more
#Microsoft #Exxon
