Amazon passes Microsoft in market value, becomes largest

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Amazon CEO Jeff Bezos, founder of space venture Blue Origin and owner of The Washington Post, participates in an event hosted by the Air Force Association September 19, 2018 in National Harbor, Maryland. 



Alex Wong | Getty Images

Amazon CEO Jeff Bezos, founder of space venture Blue Origin and owner of The Washington Post, participates in an event hosted by the Air Force Association September 19, 2018 in National Harbor, Maryland. 

Amazon is now the largest company by market value, overtaking Microsoft’s hold on the title.

Amazon’s market value was about $790 billion Monday morning, compared to Microsoft’s $785 billion. Apple, which had been part of a close three-way race for the seat, is now down to about $694 billion in market value after plunging last week on the news of its weak iPhone sales. Google parent company Alphabet has surpassed Apple with a market value of about $740 billion.

Amazon’s stock was up about 2.7 percent on Monday, trading around $1,618 per share, while Microsoft was up just about half a percent at around $102 per share. Microsoft announced Monday it was working with Kroger to take on Amazon’s cashierless Amazon Go stores with its own take.

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