For years, the media has been keen to compare companies based on their market capitalization. The metric itself is pretty fluke, but it makes for nice headlines - especially if the topic of reporting is Apple. Earlier this year, for example, much noise was made about Apple passing the oil giant ExxonMobil to become the world's most valuable corporation by market capitalization.
Having said that, it really shouldn't be surprising big media is now reporting that the Internet giant Google recently "passed" Apple to become the world's most valuable technology corporation. The bold claim comes with a caveat: you have to stretch your definition of market cap and strip out some key metrics...