Amazon’s market share is about to be worth more than Microsoft’s due the online behemoth’s positive quarterly results and coming out relatively unscathed from the Dow Jones flash crash that happened a few days ago.
Both companies were hurt from the Dow Jones’ flash crash but comparing the two, Amazon came out US$10bn richer than Microsoft only losing US$19.3bn compared to the Microsoft’s US$29.1bn.
Reuters reports Amazon’s stock was down 1.14 per cent, bringing its market capitalisation to $690.4 billion, while software maker Microsoft’s 1.83 per cent fall depressed its market capitalisation to $690.3 billion.
At the moment, Amazon’s shares on the NYSE are at US$1416.78 down 1.81 per cent and Microsoft’s at US$89.61, down 1.88 per cent.
Watch this space, Amazon is making moves.
