Google has a bigger market cap than GE. This economic downturn is the reverse of dot com bust, where companies with real assets are devalued. It is more like during the time of dot com boom. Crazy times.
No matter how long or how deep a severe economic downturn, its residual effects can still be somewhat jarring, such as when a company with annual revenues of more than $182 billion is worth less on the stock market than one with $21.8 billion in annual sales. Over 100 years old, General Electric, long the vanguard of U.S. industrial might, ended today’s trading session with a market capitalization just a shade under $105 billion. That compares with the market cap of Google, which now stands at more than $108 billion. Granted, we’ve seen this movie before, during the last bubble, when Cisco Systems surpassed GE.