Google overtakes Apple as world's most valuable listed company

Discussion in 'Market News' started by Lily, Feb 2, 2016.

  1. Lily

    Lily Forum Member

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    Revenue spike sees tech firm’s parent company, Alphabet, valued at $568bn – surpassing Apple’s valuation of $535bn

    Google has become the world’s most valuable listed company after announcing that its global revenues rose 13% to $75bn (£52bn) last year, and the group’s tax rate fell to just 17%.

    The group took a record $1.9bn of revenues from its UK customers for the last three months of 2015, up 16% on 2014 – and all routed through its controversial tax structure in Ireland. But for the impact of the pound weakening against the dollar, UK revenues would have been up 20%.

    Related: Google tax deal was purely HMRC decision, Downing Street stresses

    Related: Google settlement clears way for tech giants to strike deals with HMRC

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