Slashdot Mirror
Microsoft's Stock Market Value Pulls Ahead of Apple's (reuters.com)
Microsoft's stock market value surpassed Apple's and pulled ahead by as much as $3 billion on Wednesday as the Windows software maker benefited from optimism about demand for cloud computing services. From a report: Shares of Microsoft jumped 3 percent, pushing its market capitalization up to $848 billion. With the broad market rebounding following a recent slump, Apple also rose, but less than Microsoft. Its 2.17 percent increase put Apple's market capitalization at $845 billion, just four months after the iPhone maker breached the $1 trillion mark for the first time. Microsoft and Apple briefly traded at about the same level after the bell on Monday, but Microsoft's intraday lead over Apple on Wednesday was more substantial. Further reading: 'This is Not Your Father's Microsoft': CEO Satya Nadella On Helping a Faded Legend Find a 'Sense of Purpose'.
Stock values are according to what stock broker's computers think they can buy at in order to sell for a profit, according to a genetic algorithm nobody understands. Prices have no relationship to what the brokers think the stocks are worth, or what the company itself thinks it is worth. There is a slight negative relationship to what the company is actually doing. Real research and new products are more dangerous than playing it safe.
Although brokers are often thought of as investors, they invest nothing in the companies they buy shares of. They're just buying and selling shares. None of that money is seen by the company itself, unless the company itself sells shares it holds in reserve. Directors selling shares can become rich, but that money doesn't go into the company. Company finances and director finances are kept seperate.
So what this means is that a computer has decided Microsoft shares will go up in value by enough to make day trading in Microsoft shares highly profitable.
It's a small world and it smells funny; I'd buy another if it wasn't for the money; Take back what I paid (SoM)
> By the time this article posts, Apple will probably be back on top.
a quick check on google shows apple is up by $6 billion right now.
Darth --
Nil Mortifi, Sine Lucre
This is the top 5 market cap according to wikipedia:
1. Apple (1091B)
2. Amazon (976B)
3. Microsoft (877B)
4. Alphabet (839B)
5. Berkshire Hathaway (523B)
When you realize none of these companies have heavy industries, that's just crazy. Even Apple that sells products does not have any factory. All of their money is made without owning much actual physical matter. How come does a website has more value than, for example, a plane factory? You're right, the global economy is just as meaningful as karma points on the internet.
Video of some good progressive thrash music
Once the leadership at Microsoft green lights the plan to make Windows a subscription only service coupled with the fact that they can't seem to get a software update right to save their f*****g life, that stock will collapse so hard it will create a singularity.
Apple will likely fall off a cliff as well, ( just not as quickly ) due to the fact that innovation doesn't appear to be in their interests any longer and they have far too many competitors in an already saturated smart phone market.