In Market Cap, Google Now Bigger Than GE

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 (s GE), 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 (s GOOG), which now stands at more than $108 billion. Granted, we’ve seen this movie before, during the last bubble, when Cisco Systems (s CSCO) surpassed GE.