Apple 2.0

Covering the business that Steve Jobs built

Has Apple been overtaken by a chain of hair salons?

February 12, 2013: 7:03 AM ET

According to Google Finance, Regis Corp. has a market cap twice as big as Apple's

RegisFORTUNE -- I've long since given up on Google (GOOG) as fair arbiter of business news value (see Has Google Finance's news feed got it in for Apple?). I'd assumed, however, that it could be trusted to deliver accurate market data.

But reader Hank Vaccaro points out that according to Google Finance, Apple's (AAPL) $450 billion market cap was eclipsed overnight by the $1.03 trillion valuation the site assigned to Regis Corp. (RGS), the world's largest hair salon chain.

Yahoo Finance puts Regis's market cap at $1.03 billion. That sounds more like it.

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About This Author
Philip Elmer-Dewitt
Philip Elmer-DeWitt
Editor, Apple 2.0, Fortune

Philip Elmer-DeWitt has been following Apple since 1982, first for Time Magazine, and now on the Web for Fortune.com.

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