Google overtakes Microsoft after share price surge

Internet search giant Google has become bigger than Microsoft in terms of market cap after its shares surged 30% in the last quarter.

Shares in Google hit $761 yesterday, taking its market cap to $249.1bn. In comparison, shares in Microsoft fell about 1% yesterday, to $29.49, taking its market cap down to $247.2bn. It is the first time Google has been worth more than Microsoft since it listed in 2004. Having started the year at $645 per share, Google has climbed sharply recently following a wave of positive results and a renewed focus by investors on technology companies. From a low point of $559 in June this year, it has risen more than 30% in the last three months. Google and Apple have now both outstripp...