Microsoft Corporation (NASDAQ: MSFT) has launched a campaign with U.S community colleges to train and recruit about 250,000 people into the cybersecurity workforce by 2025. These people will not only work for the company but also other businesses across the country.
The move is in response to the workforce shortage in cybersecurity. Fixing this problem has become even more critical as a growing number of cybersecurity attacks plague individuals, corporations, and governments in 2021. As a result of the threats, Microsoft has taken a few steps to ensure consumers’ safety. The company pledged $20 billion that it will pay over five years at the year’s start. This money is to protect customers and improve security solutions. In addition, it has spent $150 million to assist government agencies in upgrading their protections. However, the company recognizes that it cannot do much until they address the labor shortage.
Microsoft acquires Two Hats
This news comes after Microsoft acquired Two Hats. Two Hats is a content moderation provider working with Microsoft to keep Xbox communities safe for users. The acquisition will allow first-party content moderation by Microsoft. It will also allow the company to expand its consumer services. Microsoft will continue to serve other Two Hats clients.
Furthermore, Microsoft has announced that it would expand on its partnership with Bango Plc (OTCMKTS: BGOPF). It will use Bango’s platform to allow resellers to bundle Microsoft 365 Family and Microsoft 365 Personal.
Sonrai Security is also joining Microsoft Intelligent Security Association (MISA) to integrate with Microsoft’s Azure Services. Sonrai enables customers to get workloads in Azure deployment by eliminating data and identity risks via Sonrai Dig.
Microsoft to reach a market capitalization of $791.48 billion by 2028
A report by Fortune Business Insights predicts that Microsoft will reach a market capitalization of $791.48 billion by 2028. The company’s market cap was $219 billion in 2020 and rose to $250.04 in 2021
The report comes after the company boosted Nasdaq and S&P 500 to a new record. The company managed to replace Apple as the most valuable company after Apple reported decreased earnings due to supply chain issues. Microsoft’s current market cap stands at $246 trillion while Apple’s is $245 trillion.
Moreover, the Zacks Growth Style score has determined that the company has good growth stock.
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