Alphabet Becomes Third-Most Valuable Company On Planet Earth – Amazon Takes Second

Technology becomes more widespread as years pass by. It’s crazy to think that just 30 years ago, mobile phones weighed pounds and had to be lugged around in briefcases, people went to department stores for a bulk of their shopping, and were reliant on pay phones – unless you were considered rich.

Today, the largest companies in the world are those that operate through websites, mobile phones, and other technological formats. Apple is currently the most valuable company on planet Earth.

What comes after Apple?

As of today, March 20, 2018, Amazon overtook Alphabet – the parent company of Google – as the second-most valuable company across the globe. Alphabet is currently valued at roughly $762.7 billion, whereas Amazon is worth about 3.5 billion more, at $766.3 billion.

Amazon has comfortably ridden a dramatic increase in stock price in 2018, raising roughly 35 percent from January 1 to March 20, 2018. When year-on-year growth is considered, Amazon’s common stock share price has risen a solid 85 percent.

Microsoft sits behind all three of the aforementioned companies with a valuation of $717.1 billion. How paltry! Pathetic.

Amazon unarguably has a more attractive, popular cloud storage system that does Google. While Google Cloud isn’t inherently bad, or full of flaws, or overly expensive, Amazon’s cloud business is simply better than Google’s.

Google Cloud, the Cloud Platform, and the G Suite line of services are hoped by Alphabet to beat out Amazon’s digital service solutions, though it’s certainly not happening anytime soon.

Amazon has even made a recent push into physical stores. Despite the unmatched convenience and profitability of online retailing, Amazon has likely made a solid, low-risk decision in constructing unmanned Amazon Go stores around the nation. The first installment was crafted in Seattle, Washington, just longer than one month ago.

Arguably, Alphabet’s best chance at competing with Amazon to regain the title of second-most-valuable company in the world is to partner with Walmart, Target, and other stores to sell its Google Assistant – which it’s already done.

Austin and LA Are Increasing Tech Industry Salaries

Silicon Valley is still the home to many of the highest paying jobs in the tech industry. However, that part of the country is now having some very serious competition for the most brilliant tech minds from other cities. A new study has shown that there are now a wide variety of great tech jobs available in Los Angeles and Austin, Texas. This is a bit of a surprise and seems to have come out of nowhere. This is because neither of these cities were on the map in terms of being hotbeds for tech jobs a few years ago. However, things change very quickly in the world of technology.

Employees of tech companies in Los Angeles pulled in an average of $130,000 in 2017. People in Austin who worked in the tech industry made roughly $120,000. This still lags behind the average Silicon Valley salary which is currently $150,000. However, you need to keep in mind that the cost of living in the San Francisco area is basically double what it is in Austin. More tech companies are deciding to set up shop far away from Silicon Valley in an attempt to get away from all of the competition. They feel that it will be easier to get noticed in cities where the tech industry is still in its early stages.

Young people who are interested in starting a career in the tech field are finding it easier to get hired in cities like Los Angeles and Austin because there are not as many qualified candidates applying for jobs. This gives the people who are willing to work in these cities a great opportunity to get their foot in the door and make a lot of money to boot. However, people who have their heart set on working for the giant tech companies like Facebook, Twitter, Google and Uber will need to plan on working in Silicon Valley. None of those companies seem interested in opening up offices in other parts of the country.

The good news for tech workers in the United States does not extend to people working in similar positions in foreign countries. In fact, tech industry salaries have plummeted in the United Kingdom and France in recent years. Therefore, fewer people are applying for tech jobs in those countries. This has hurt the tech companies that have their base of operations in Europe.