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Microsoft has become the second company to reach a $3 trillion market valuation. Led by CEO Satya Nadella's focus on cloud and AI, Microsoft has experienced tremendous growth for years.
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In a surprising turn of events, Facebook's shares, which closed at an all-time high earlier this month, have dropped by over 19% today, making it the largest one-day drop in market value of all time.
Recent gains in its share price have propelled the online behemoth to third place in the U.S. economy with respect to market valuation, edging ahead of the Redmond giant by a small margin.
After a gap of over 17 years, the Redmond giant has managed to cross the $600 billion mark. Back in 2000, at the peak of the dot-com era, Microsoft had for the first time hit the milestone.
An analyst is foreseeing Microsoft to lead the charge of the race towards a trillion-dollar market value, ahead of Apple and Alphabet. Their LinkedIn purchase is predicted to help towards that goal.
Nintendo's shares dropped by more than they have in the last 25 years, because the company put out a press release saying Pokémon GO would only have a limited financial impact.
