The tech industry's answer to this week's stock market roller coaster was delivered on Tuesday by Apple Inc, which briefly surpassed Exxon Mobil as the most valuable company in the U.S.
Google passed Microsoft today for the title of third-most valuable publicly traded company, following market leaders Exxon Mobil and Apple. The company overtook Microsoft this morning on the New York Stock Exchange, and while some speculated that the new position would be temporary, the market has now closed, solidifying the company’s number three spot.
Editor’s note: Howard Lindzon is co-founder and CEO of StockTwits, a social network for traders and investors to share real-time ideas and information. You can read his full bio here and find him on Twitter @howardlindzon.
If we had the answer to this question, life would be grand.
Today Apple topped the $700 billion value market cap threshold during regular trading, a remarkable achievement. The company’s shares have since slipped some, but it’s impossible to deny the technology giant’s massive rally.
Facebook released the financial results for the third quarter of 2012 just after the stock market closed this afternoon.
All eyes are on the social networking company to show Wall Street some sort of sign of strength in the results from its second quarter as a publicly-traded company.
Friday was a busy day for tech companies on Wall Street, with GrubHub, Five9, and IMS Health going public on the same day. It went well: GrubHub spiked 30.77%, Five9 9.14%, and IMS Health 15%. A good crop, you could say.