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Amazon Passes Alphabet To Become the World's Second Most Valuable Company (cnbc.com)

Posted by BeauHD on from the steady-as-she-goes dept.

Amazon has passed Alphabet to become the second most valuable company in the world. Apple remains the only other company more valuable than Amazon. CNBC reports: The e-commerce giant rose 2.7 percent on Tuesday lifting its stock market value to $768 billion. Alphabet, the parent of Google, fell 0.4 percent and is now valued at $762.5 billion. While the U.S. tech mega-caps have rallied in the past year, Amazon's performance has dwarfed them all, with the stock surging 85 percent over the past 12 months, including 35 percent to start 2018. Investors have been piling into Amazon, betting that the company's growing and very profitable cloud computing business will provide the cash needed for investments in original content, physical stores and continuing to build data centers and warehouses.

33 comments

  1. The A list by XXongo · · Score: 3, Funny
    Wait, so it's Apple, then Amazon, then Alphabet?

    Apparently you need to have a company starting with "A" to be on the most-valuable list.

    1. Re:The A list by DontBeAMoran · · Score: 2

      The Triple A-Team!

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      #DeleteFacebook
    2. Re:The A list by dgatwood · · Score: 1

      It's reverse-alphabetical. Or something. Just wait. Azure Systems will leave them all in the dust in a few years.

      --

      Check out my sci-fi/humor trilogy at PatriotsBooks.

    3. Re:The A list by ocsibrm · · Score: 1

      So you're saying AZZZZ Best has a chance.

    4. Re: The A list by haonlladdis · · Score: 1

      You can add Chinese-based Alibaba to that list there.

    5. Re: The A list by Anonymous Coward · · Score: 0

      They're still at about half the valuation of those top 3. Berkshire Hathaway and about 4 banks are nipping at Amazon's heels. Even Tencent (another Chinese heavy hitter) is ahead of Alibaba. Ruins the ordering.

    6. Re:The A list by Ed+Avis · · Score: 1

      The most valuable company is surely Aramco, or more correctly Saudi Aramco, valued at between 2 and 10 trillion dollars. It still begins with A, more or less. The headline should have talked about the second most valuable *listed* company. Although a small part of Saudi Aramco shares is expected to be listed soon.

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      -- Ed Avis ed@membled.com
  2. No second most valuable companu by hashish · · Score: 2

    Second most valuable listed company; for example Saudi Aramco is worth more.

    1. Re:No second most valuable companu by rtb61 · · Score: 0

      Every major company has it's moment in the sun but it obscures the vision with it's ego illuminating brightness and the companies inevitably burns.

      Consider Google, it's business model, 'FORCING' people to watch ads and in a reduced ad environment that use of force is felt and it burns what it is trying to sell, burns in hate for that product. This force, you will watch this ad, all it does is fine fucker, but I will hate that product and never buy it, your move moron.

      M$ started it and Google followed suit, the idiotic idea that you can sell a product to someone by forcing, actively trying to force them to watch an ad, the concept is idiotic, this in conjunction with ads words that everyone has learned to ignore. Their marketing model is shite, it only looks good to the people who want to watch the ads, the advertisers, they are convinced this shit works, funny as fuck. Yeah, sure I will buy your product, when you force me to watch an ad, yep, sure fucking WONT.

      The google shine is really starting to fade https://duckduckgo.com/?q=goog... , that first place ring, has a price https://www.youtube.com/watch?....

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      Chaos - everything, everywhere, everywhen
    2. Re:No second most valuable companu by Anonymous Coward · · Score: 0

      How are you forced to watch ads? Very nearly every ad can be blocked.

    3. Re:No second most valuable companu by Anonymous Coward · · Score: 0

      Somehow these kind of news pay attention only on publicly traded companies. Some years ago when speculations on bringing Saudi Aramco were already common and oil prices were not as low as now, estimates of market value of the company rised as high as over dozen trillion (that is, thousand billion) USD. That, and possibly other non-public state companies especially in the energy sector have valuations which make even largest publicly traded companies look like dwarves. Although ignorance is one explanation for such focus on publicly traded companies, "unnecessarily" watering down the compelling story might be another for a journalist or two.

  3. There's always next time by Impy+the+Impiuos+Imp · · Score: 3, Funny

    Will someone please tell me what stock to buy when they're still tiny?

    Dammit, you people are useless.

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    (-1: Post disagrees with my already-settled worldview) is not a valid mod option.
    1. Re: There's always next time by Anonymous Coward · · Score: 0

      SVXY is on sale right now...

    2. Re:There's always next time by serviscope_minor · · Score: 1

      Will someone please tell me what stock to buy when they're still tiny?

      Sure. How about uh... one mo... let me fill some forms... and submit..., yep ServiCo Inc.

      It's very tiny, and you can buy 10% of it for the low, low price of $100,000. Just think how much that'll be worth if it gets to a 700 billion dollar market cap.

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      SJW n. One who posts facts.
  4. Let Amazon merge with Alphabet by Anonymous Coward · · Score: 1

    We're pretty close to having our own Weyland-Yutani.

    1. Re:Let Amazon merge with Alphabet by Anonymous Coward · · Score: 0

      https://en.wikipedia.org/wiki/EPIC_2014

      "In 2008, Google and Amazon merge to form Googlezon. Google supplies Google Grid, Amazon supplies their personalized recommendations. Googlezon is a system that automatically searches all content sources and splices together stories to cater to the interests of each individual user."

      almost there!

    2. Re:Let Amazon merge with Alphabet by Anonymous Coward · · Score: 0

      cool, you work there too?

  5. Crazy P/E ratio by Anonymous Coward · · Score: 0

    What boggles the mind is that Amazon's P/E ratio is 10 times higher than Apples and 6 times higher than Alpabet's. Looks crazy overvalued to me.

    1. Re:Crazy P/E ratio by Anonymous Coward · · Score: 0

      well, apple is a 1 trick pony with iphone. Google has only a search engine. Bezos will make the next lord of the rings series. Bezos isn't afraid of throwing away money for crazy things and that shows in amazon's evaluation. At the top you can't play safe.

    2. Re:Crazy P/E ratio by Anonymous Coward · · Score: 0

      the problem with a PE of in excess of 200 is the market has priced in MASSIVE HUMUNGOUS GINORMOUS growth. Amazon have to consistent massive rises in revenue and profit to justify that number for many years to come. these type of insane valuations are what led to the dotcom popping at the turn of the century.

  6. Why? by Anonymous Coward · · Score: 0

    Not buying this for one second.

    The reality is Amazon operate a giant hosting farm and an online storefront. It isn't worth three quarter of a trillion or anything remotely in that ballpark.

    The only question in my mind will Amazon bubble burst before or after cryptocurrency speculative investment fad fades into history.

    1. Re:Why? by Anonymous Coward · · Score: 0

      The reality is Amazon operate a giant hosting farm and an online storefront.

      Compared to Alphabet which is what, an ad server?

    2. Re:Why? by gravewax · · Score: 2

      both are massively over valued, but amazon more so. Google has a PE ratio of around 60, Amazon is around 250. Those are insane numbers that were worthy of the pre dotcom bust.

    3. Re:Why? by david_thornley · · Score: 1

      A P/E ratio of 60 isn't outlandish if there's reason to expect massive growth (which I don't expect out of Google/Alphabet, but that's another issue). I'm keeping an investment in a company with a 60 P/E because I'm confident of lots of growth. Apple's got a quite reasonable P/E, but I have no confidence in Apple's future, so it's less tempting.

      My stock market app shows Facebook at around a 30 P/E, not 250, which is quite reasonable if the company is expected to grow significantly.

      --
      "When you have eliminated the unacceptable, whatever is left, however improbable, must be the truthiness" - Holmes
  7. *Public* company by Anonymous Coward · · Score: 0

    > Amazon has passed Alphabet to become the second most valuable company in the world.

    The second most *public* company.

    Aramco is likely the world's most valuable company. Even at the low end of its valuation, it's twice Apple's.

    1. Re: *Public* company by Anonymous Coward · · Score: 0

      And owned by a bunch of royalty that could really build something for their country, but instead buy palaces and jets.

    2. Re: *Public* company by Anonymous Coward · · Score: 0

      you have obviously never been to Saudi Arabia, it has some of the most modern hitech cities in the world now. Not saying that the royalty aren't a huge waste of money, but the country is pretty damn industrious at modernising with the rivers of money they have.

  8. Fake News by Anonymous Coward · · Score: 0

    World's Largest Companies
    1) Rosneft
    2) Aramco

    Neither Alphabet nor Amazon on that list.