Amazon Leapfrogs Facebook, Buffett's Berkshire Hathaway To Be 5th-most Valuable Company

By Markets MarketWatch Pulse

Facebook Inc.'s time as one of the top five largest U.S. companies by market value lasted less than a day, as Amazon.com Inc. surged right past it in morning trade, in the wake of better-than-expected results. Amazon's stock jumped $11.46, or 1.5%, bringing its market value to about $360.5 billion. Facebook's stock slipped 27 cents, or 0.2%, to bring its market value down to $356.9 billion. Amazon moved up two spots since it reported results, pushing Berkshire Hathaway Inc. further down the list to seventh, at $356.4 billion. Rounding out the top five, Apple Inc. was worth $561.3 billion, Alphabet Inc. was at $540.9 billion, Microsoft Corp. was at $441.1 billion and Exxon Mobil Corp. was worth $365.7 billion.

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