Google Briefly Tops Exxon as 2nd-Most Valuable U.S. Firm
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Google Inc. briefly surpassed Exxon Mobil Corp. as the second-most valuable company, trailing only Apple Inc. and underscoring the growing role of technology in the economy.
Google, which became the world’s largest online advertiser through its dominant search engine, had a higher market capitalization during intraday trading today before falling back at the close in New York to a value of $395.4 billion compared to Exxon’s $395.7 billion, according to data compiled by Bloomberg. Apple had a market value of $463.5 billion. Software company Microsoft Corp. is No. 4 with $303.5 billion.