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After 40 investors rejected Jeff Bezos’ Amazon pitch, his parents offered $245,573 of their retirement savings

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After 40 investors rejected Jeff Bezos’ Amazon pitch, his parents offered $245,573 of their retirement savings

2

China now makes up a record 40% of all global container exports—and it’s a sign Trump’s tariffs meant to punish Chinese firms have fallen flat

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Billionaire Nike cofounder Phil Knight gives $1 billion to his alma mater: ‘This is no time to abandon’ higher education

Apple re-overtakes Exxon Mobil

By
Philip Elmer-DeWitt
Philip Elmer-DeWitt
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By
Philip Elmer-DeWitt
Philip Elmer-DeWitt
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August 10, 2011, 11:55 AM ET
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The computer maker is once again the world’s most valuable company



As the Dow Jones industrial average plunged another 500-plus points Wednesday, Exxon Mobil (XOM) plunged more than Apple (AAPL) and once again gave up its long-held spot as the No. 1 public company in the world in terms of market capitalization.

When the closing bell rang, Apple closed on top for the first time. The tale of the tape looked like this:

Co. Price Change % Market cap
Apple $363.39 -10.32 -2.76% $337.17 B
Exxon $68.03 -3.14 -4.41% $330.77 B

On Tuesday, Apple’s market cap (share price times number of shares outstanding) briefly overtook Exxon’s, although Exxon ended the day ahead. See here.

One day later, Apple became the world’s most-valued company by a cool $6.4 billion.

About the Author
By Philip Elmer-DeWitt
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