General Electric's (GE, $11.27) Market Worth Is Now Less Than $100 Billion

General Electric (GE) just got a ‘shock’ - it has plunged to less than $100 billion in market value. This happened for the first time for the conglomerate since 2009’s global recession.

From being the most valuable company – worth  $400 billion - in the S&P 500 in 2004, GE is now struggling with cratering share prices amidst the company’s profit declines and massive debt. It even got eliminated from the Dow Jones Industrial Average Index earlier this year, after having been part of it for around 110 years.

In an attempt to pay off its debts, GE is selling off several of its businesses including its railroad division, Thomas Edison's light-bulb unit, Baker Hughes and the MRI-machine making health-care unit.

What’s more, GE Power is mired in troubles with its gas turbines failures and related plant shutdowns. In a statement, GE claimed that it has "identified a fix" and has been working with customers to "quickly return units to service."

GE's stock price is down by around -35% so far this year. 

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Sergey Savastiouk|Expert

Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.