US tech firms hog top spots on list of world's largest companies
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US technology companies are dominating rankings of the world's largest companies as never before.
Lifted by a 10 per cent jump since the start of the year, Facebook Inc just leapfrogged Exxon Mobil Corp and Berkshire Hathaway Inc to become the fourth-most valuable company, with a market capitalization of US$330 billion. The social network joins Google's parent Alphabet Inc, Apple Inc and Microsoft Corp atop the rankings, the first time the top four are all American tech firms, says Bloomberg data going back to 2000.
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