Amazon market value tops $1tn

Is Amazon a monopoly

Is Amazon a monopoly

Amazon has become the second publicly traded company to be worth $1 trillion U.S., hot on the heels of iPhone maker Apple.

If the online retailer's shares keep up their recent pace, it would be a matter of when, not if, Amazon's stock market valuation eclipses that of iPhone maker Apple, which reached $1 trillion on August 2.

Amazon is the second corporation to exceed $1 trillion in value after Apple, which crossed the threshold on August 2.

As of writing, Amazon's market cap is sitting pretty at $994.75 billion; it's nearly a certainty that the company's valuation will top $1 trillion again relatively soon.

After the internet shopping giant surged past that $1 trillion mark, today, experts are saying it could even be bigger than the makers of the iPhone. Amazon shares first hit $1,000 on October 27, 2017.

Tribe puts Josh Donaldson on disabled list
Donaldson has played in only 36 games this season and none in the majors since May 28. Donaldson is playing third base and batting second on Monday for Triple-A Columbus.

Like most tech billionaires, Jeff Bezos's net worth rises and falls based on his company's performance in the stock market. Market watchers have been expecting both Amazon and Apple to eventually have valuations topping $1 trillion. Multiplied by the number of shares outstanding (487,741,189), that puts the company's book value just over the same symbolic milestone that Apple hit less than one month ago.

Amazon and Apple are both worth about US$1 trillion.

Founded in 1994 by Jeff Bezos, who is now the world's richest man, Amazon has grown exponentially from its roots as an online bookseller into a sector-crossing mastodon.

"The company continues to experiment with new products and push into new geographies". Although it is well established in the USA and United Kingdom, it has huge scope to grow in the rest of Europe and Asia, especially India.

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