Google is the most valuable technology company in the world -- yes, more than Apple -- at least by one measure, according to a report.
The metric used isn't market capitalization, where Apple still reigns at $378 billion (Google has $286 billion), but the enterprise value, the Wall Street Journal reported. The method used is the enterprise value, or the value of the company's operations -- basically subtracting each company's cash hoard. For Google, this number is $241 billion, and only $233 billion for Apple.
Essentially, Apple is worth so much because it has $145 billion in cash, while Google's actual company is worth more.