Microsoft overtakes oil giant Exxon as 2nd largest traded company
Microsoft overtakes oil giant Exxon as 2nd largest traded company
Posted: 18 Nov 2014
SourceAfter a $47 billion loss in market value, Exxon Mobil has lost its coveted second place spot in market capitalization to none other than technology kingpin Microsoft.
Market capitalization is the metric by which companies are traditionally defined on the stock market - the total value of all a publicly traded company's outstanding shares, calculated using share price and number of shares. By market capitalization, Microsoft figures at around $409 billion, while Exxon Mobil dipped to around $401 billion.
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