The company's 1986 initial public offering (IPO), and subsequent rise in its share price, created three billionaires and an estimated 12,000 millionaires among Microsoft employees. It rose to dominate the personal computer operating system market with MS-DOS in the mid-1980s, followed by Microsoft Windows. Microsoft was founded by Paul Allen and Bill Gates on April 4, 1975, to develop and sell BASIC interpreters for the Altair 8800. As of 2016, it is the world's largest software maker by revenue, and one of the world's most valuable companies. Its flagship hardware products are the Xbox video game consoles and the Microsoft Surface tablet lineup. Its best known software products are the Microsoft Windows line of operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers. It develops, manufactures, licenses, supports and sells computer software, consumer electronics, personal computers, and services. Microsoft Corporation ( / ˈ m aɪ k r ə ˌ s ɒ f t/, abbreviated as MS) is an American multinational technology company headquartered in Redmond, Washington.
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