Google tops Microsoft, becomes second most valuable tech company

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Google is now the second most valuable technology company in the world, bumping Microsoft to bronze status earlier this morning. Google stock value increased 0.7 percent to $759.98, giving the search giant a market capitalization of roughly $249.2 billion. Microsoft, on the other hand, dropped 0.3 percent to $29.67 per share, resulting in a valuation of about $248.7 billion according to Bloomberg. ComScore research shows Google enjoys a 66 percent share of the US search market while Microsoft trails far behind at only 16 percent. Furthermore, the company is expected to overtake Facebook sometime this year as the biggest outlet for display advertising on the web; EMarketer says Google will retain the top spot in mobile ads this year.


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