Alibaba now worth more than Facebook, Amazon, and IBM

Ziggy | 22 Sep, 2014 06:47PM | Leave a comment
Amazon, Facebook, IBM, Intel. As of midday on Friday, Alibaba is now worth more than all of them.

On its first day as a publicly traded company on the New York Stock Exchange, shares in the Chinese e-commerce giant shot up by nearly one-third above their initial asking price. The surge put the value of the company at around $228 billion (£139 billion). The only US tech companies worth more by market cap are Apple ($609 billion) (£373 billion), Google ($400 billion) (£245 billion), and Microsoft ($387 billion)(£237 billion).
Confederate is making only 65 Hellcat Speedsters-you can get your name on the list for a $10,000 reservation fee.

-wired.co.uk