Time Magazine announced Thursday that Google has just joined four other top US companies that are worth more than Russia’s entire stock market. As of December 18th, Russia’s stock market’s was valued at $325 billion — and still plummeting — while Google’s stock rose to $358.41 billion.
According to Online Investor, this puts Google at the bottom of a list that also includes (as of Dec. 18) the following five elite US companies:
Apple (AAPL): $654.63 billion.
Microsoft (MSFT): $388.82 billion.
Exxon Mobil (XOM): $377.72 billion
Berkshire Hathaway (BRK-A): $359.68 billion
Google (GOOG): $358.41 billion
Apparently, the economic sanctions Obama imposed back in March to send a message about Russia’s actions in the Ukraine have begun to take effect. In addition, US companies like Google, and Microsoft (along with Adobe, which didn’t make the top five) hammered the last nail into the Russian economy’s proverbial coffin when they high-tailed it out of Russia.