As of June 7, 2021, Google (Alphabet) held a higher market capitalization than Amazon, making it the "richer" company based on this widely used financial metric at that time.
Google (Alphabet) held a larger market capitalization compared to Amazon as of Monday, June 7, 2021. Market capitalization, often referred to as "market cap," is a key indicator of a company's total value, calculated by multiplying its outstanding shares by the current share price. This metric is frequently used to compare the size and value of publicly traded companies.
Market Capitalization Comparison: Google vs. Amazon
According to data from June 7, 2021, the market capitalization figures for Google and Amazon were as follows:
Company | Market Capitalization (as of 07-Jun-2021) |
---|---|
Google (Alphabet) | $1.632 trillion |
Amazon | $1.613 trillion |
This clearly indicates that Google's market capitalization of $1.632 trillion was slightly higher than Amazon's $1.613 trillion on that specific date. For broader context, the same reference noted that Apple led the market with a $2.101 trillion market capitalization, followed by Microsoft at $1.912 trillion, with Microsoft nearing the $2-trillion mark.
Why Market Capitalization Matters
- Valuation Metric: Market capitalization is the primary way the stock market values a company. It reflects the collective opinion of investors about a company's future earnings power and overall health.
- Company Size Comparison: It's a quick and easy way to compare the relative size of different companies. A higher market cap generally indicates a larger, more established company in the eyes of investors.
- Dynamic Nature: It's important to remember that market capitalization is a dynamic figure that fluctuates constantly with changes in a company's stock price. Therefore, the "richest" company by this measure can change day by day.
In summary, based on the provided figures from June 7, 2021, Google held a higher market capitalization, positioning it as the "richer" of the two companies at that moment.