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Amazon, Facebook Pass Exxon To Join Top-5 Largest U.S. Companies

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Amazon.com founder and CEO Jeff Bezos presents the company's first smartphone, the Fire Phone, on June 18, 2014 in Seattle, Washington. (David Ryder/Getty Images)
Amazon.com founder and CEO Jeff Bezos presents the company's first smartphone, the Fire Phone, on June 18, 2014 in Seattle, Washington. (David Ryder/Getty Images)

Amazon and Facebook pushed above ExxonMobile Monday to become the fourth- and fifth-largest U.S.-listed companies by market capitalization. That makes the top five companies all technology-based, with Apple, Google and Microsoft leading.

The jump comes after a series of successes, including reports of soaring profits. Here & Now's Eric Westervelt speaks with Jason Del Rey of Recode for a look at what's going on in tech.

Guest

Jason Del Rey, senior editor for commerce at Recode. He tweets @DelRey.

This segment aired on August 2, 2016.

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