Google’s market valuation surpassed Microsoft’s today, making the search giant the second-largest technology company on the planet ($249.5 billion value).
Why is this significant? On the whole, it’s probably not. But, like Apple’s rise to becoming the largest company on the planet (market value of $632.7 billion) during the past decade, it does signal a shift in where the technology landscape is heading. Google builds software to power the web and mobile. Microsoft doesn’t. Or does, but hasn’t gained much traction.
It also suggests the launch of Windows 8 could be a make-or-break moment for Microsoft — obviously that’s hyperbole. What I mean to say is that Microsoft’s position as a technology leader has never seemed more precarious than it does this fall.