That other company he runs, Amazon (AMZN), just passed Alphabet, the owner of Google (GOOGL), to become the second most valuable company in America. As a result, Amazon's market value climbed to about $765 billion, almost $3 billion more than what Google is worth. Cisco is the market's comeback kidThat's less of a problem for Amazon than Google, though. Research firm eMarketer noted in a report Monday that Amazon is expected to generate nearly $3 billion in digital ad revenue this year. Amazon still has a ways to go before it tops Apple (AAPL) as the most valuable company on Wall Street.

Source: CNN March 20, 2018 18:11 UTC