Google is now worth more than the whole Russian stock market
Google isn't even doing especially well — but it's doing much better than Russia
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Google has become the third big technology company to be worth more than the entire Russian stock market — and Google itself isn’t even having a very good time of it.
All of the shares listed on Russia’s stock market, the Moscow Exchange, are now worth $325 billion, less than Google’s more than $340 billion.
The value of Russian companies has plunged and has continued to plunge as the weakening rouble, the cost of sanctions and other problems mean that investors take flight from the country.
And Google isn’t even doing especially well this year — it’s dropped 5.34% over the year, and even more in the last few months.
Google is the third big tech company to overtake Russia, after Apple and Microsoft. There are few other firms so large — most of the rest of the companies looking to get ahead of Russia are big industrial ones, like General Electric — and so Russia is likely to be spared at least some of the embarrassment of further high-profile companies overtaking it in the coming weeks.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments