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Google's Alphabet set to overtake Apple as world's most valuable company

Discussion in 'Market News' started by Lily, Feb 1, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    The search engine’s parent company performed better than expected Monday with a value of $518bn after investors were given inside look into tech company

    Alphabet, parent company of Google, looks set to take the crown from Apple and become the world’s most valuable company.

    The tech company announced better than expected results on Monday and gave investors their first proper look under the hood at the engine that drives its business. Operating income from its core businesses rose 23% in 2015. Investors liked what they saw and shares spiked 8% in after-hours trading.

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