NEW YORK - The trillion-dollar market cap club expanded last week to a third U.S. company, with Google parent Alphabet Inc topping the lofty valuation mark. Adding the next member, however, is likely to take a while.
Social media platform Facebook In appears to have the pole position. Its $630 billion market value is about $65 billion more than Berkshire Hathaway Inc the next richest company in the S&P 500 .SPX. To get there, Facebook “must demonstrate the ability to monetize its user base beyond just selling ads,” King Lip, chief strategist at Baker Avenue Wealth Management, said in an email.
Berkshire’s “growth rate is less exciting, their valuation less likely to expand meaningfully,” according to emailed comments from Jason Ware, chief investment officer with Albion Financial Group, who called the diversified company’s earnings power and economic competitive advantages “airtight.”Soaring stock prices have propelled Visa Inc and rival payments processing company Mastercard Inc up the market cap chart.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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