Amazon gets past Google's parent company, becomes second-biggest company in the world
WASHINGTON (Sinclair Broadcast Group) -- Amazon is now worth more than Google's parent company Alphabet, according to TechCrunch. This makes Amazon the second-most valuable company is the world.
Amazon is now worth $763.27 billion versus Alphabet, which is now worth only $762.98 billion. The company's stock has went up 29 percent since January while Alphabet's stock has gone up and down.
The only company worth more than Amazon? Apple. The phone company is worth $889.2 billion.
Amazon's CEO Jeff Bezos has been a major beneficiary and became the richest person in the world. He also became the United States' first centi-billionaire - a billionaire who is worth more the $100 billion in personal wealth.
Bezos is currently worth $131.1 billion, according to Forbes. The CEO has a 16 percent stake in Amazon.