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Microsoft Corporation is an American multinational technology conglomerate headquartered in Redmond, Washington. [2] Founded in 1975, the company became highly influential in the rise of personal computers through software like Windows, and the company has since expanded to Internet services, cloud computing, video gaming and other fields.
Microsoft became the second-ever company worth $3 trillion on Wednesday as the artificial intelligence boom sent shares of the company’s stock soaring higher.
In April 2019, Microsoft reached $1 trillion in market capitalization for the first time. [53] In June 2021, Microsoft crossed $2 trillion for the first time, [54] [55] and in October 2021 briefly surpassed Apple as the most valuable company in the world before finishing the year second to Apple at $2.5 trillion.
Microsoft Reaches $2 Trillion. On April 25, 2019, Microsoft made market history when it was valued at $1 trillion for the first time. As of the close of business on Oct. 4, 2019, its value had ...
He is a co-founder of Ballmer Group, a philanthropic investment company. [2] As of November 2024, Bloomberg Billionaires Index estimates his personal wealth at around $145 billion, making him the tenth-richest person in the world. [3] At the same time Forbes ranks him as the eighth-richest person with a net worth of $123 billion. [4]
Microsoft became independent of MITS in late 1976, and it continued to develop programming language software for various systems. [36] The company moved from Albuquerque to Bellevue, Washington on January 1, 1979. [35] Gates said he personally reviewed and often rewrote every line of code that the company produced in its first five years.
Microsoft would also come to dominate the office suite market with Microsoft Office. The company has diversified in recent years into the video game industry with the Xbox, the Xbox 360, the Xbox One, and the Xbox Series X as well as into the consumer electronics and digital services market with Zune, MSN and the Windows Phone OS.
The company restructured on June 25, 1981, to become an incorporated business in its home state of Washington (with a further change of its name to "Microsoft Corporation, Inc."). As part of the restructuring, Gates became president of the company and chairman of the board, and Allen became executive vice president and vice chairman.