Alphabet m-cap hits $875 bn, $5 bn less than Amazon
The market capitalisation of Google parent Alphabet grew by as much as $48 billion to $875 billion on Monday after it reported quarterly earnings that beat expectations. Alphabet's valuation is just $5 billion less than Amazon's $880 billion while it is well short of Apple's $941 billion. Alphabet's revenues for the second quarter jumped 26% to $32.7 billion.