Google has leaped up today’s recalculated Financial Times list of the 500 largest public companies in the world by market capitalization. The search company has advanced 184 spots, making it far and away the biggest gainer:
Google’s phenomenal share price advance makes the internet search group now one of the world’s 100 largest companies with a market capitalisation of more than $50bn, according to the updated version of the FT Global 500 rankings.
Companies are ranked in order of their stock market value as of June 30; the previous rankings were compiled on March 31. Google has jumped from 279th to 95th during that period.
General Electric retains first place, followed by ExxonMobil, Microsoft and Citigroup. Oil group Royal Dutch/Shell, where shareholders approved a merger last week, has leap-frogged BP into fifth place.
Falling off the list? Among others, some company called Sun Microsystems.