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Apple Is Within Spitting Distance Of Being World’s Most Valuable Company

Apple Is Within Spitting Distance Of Being World’s Most Valuable Company

Thanks to the massive stock selloff today, Apple is within $16 billion of displacing Exxon Mobil as the the world’s most valuable company.

At market close, Exxon Mobil’s stock fell $3.88 (4.9 percent) giving it a market cap of $366 billion. Apple’s stock fell too, but only $15.20 (3.87 percent) for a market cap of $350 billion. That puts Apple within $16 billion of Exxon. Two weeks ago, the gap was $50 billion. Any day now…

Via NYT.