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A First For Amazon: Beating Microsoft In Net Worth

For the first time, Amazon ranked higher than Microsoft in market value.
Posted at 3:23 PM, Feb 07, 2018

Amazon has hit another milestone. 

For the first time, the online retailer ranked as being worth more than software company Microsoft when Amazon's market value went above $685 billion on Feb. 6. That put the e-commerce giant just behind Apple and Google. The tech giants are competing to hit a market cap of $1 trillion, which no U.S. company has done before.  

In January, Amazon founder Jeff Bezos surpassed Microsoft co-founder Bill Gates as the wealthiest person on Earth.  

Additional reporting from Newsy affiliate CNN.