Microsoft Falls to Third Place in Market Value
Microsoft is no longer the second-largest company on earth; the
company fell to third place this week, thanks to strong gains by drug
maker Pfizer. Microsoft didn't actually lose any value--the company is
still valued at $279 billion--but Pfizer has seen its stock soar
recently because the company has been buying rivals and releasing
popular new products. Pfizer is now worth about $285 billion. Both
companies, however, trail General Electric (GE), which is valued at
$307 billion.