Facebook, China and dividend payers boost global tech
In this Sept. 19, 2014 file photo, Alibaba founder Jack Ma raises a ceremonial mallet before striking a bell during the company’s IPO at the New York Stock Exchange.
We signaled here March that Facebook was likely to pass IBM in 2014 on the list of most valuable technology companies in the world.
It did, after shares of the social network (FB) surged 44% and IBM stock (IBM) dropped 13% last year.
The China-based giant led by CEO Jack Ma staged the largest stock offering in history.
Alibaba ended 2014 as the world’s fourth most valuable tech firm, with a market cap of $251 billion.
Facebook surged 44%, while IBM lagged 13% last year.(Photo: USATODAY.com)
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Source News: USA TODAY
Photo: Mark Lennihan, AP