After hitting a market cap of $3 billion just a day ago, Microsoft closed with a market cap of $2.99 billion. However, last night, Microsoft’s market cap surged past $3 billion, closing at $3.009 billion, surpassing Apple’s market cap as well, which closed at $3.002 billion. Microsoft’s triumph in terms of market cap came with the announcement of layoffs in the gaming division, where 1,900 employees were let go in a single day. It’s truly difficult to describe the emotions of those who were laid off on the same day the company’s market cap reached its peak.
TLDR: Microsoft’s market cap reached $3.009 billion, surpassing Apple’s market cap, as the company announced layoffs of 1,900 employees in the gaming division.
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