Amazon becomes second $1 trillion company in US
Tuesday - September 4, 2018 10:40 pm ,
Category : BUSINESS
Amazon becomes second $1 trillion company in US
New York Sep 4 (IANS) Amazon on Tuesday became the second US public company after Apple to hit the $1 trillion valuation mark.
Last month Apple became the first US company to become a $1 trillion company.
According to a report in CBS News Amazon shares hit $2 050.49 -- climbing 1.5 per cent in the morning trade -- bringing the company s market value above $1 trillion.
Amazon Founder Jeff Bezos is already the richest person on Earth with a net worth surpassing $150 billion.
He owns over 16 per cent of Amazon which he founded in a garage in Seattle in 1994.
Apple became the first $1 trillion company last month. The Cupertino-based iPhone-maker is currently worth about $1.1 trillion.
Google s parent company Alphabet Inc and Microsoft are fast approaching the $900 billion mark reports said.
Facebook -- which crossed $500 billion in 2017 -- is not growing much owing to a massive data privacy scandal amid falling user base.
--IANS na/qd/bg
Last month Apple became the first US company to become a $1 trillion company.
According to a report in CBS News Amazon shares hit $2 050.49 -- climbing 1.5 per cent in the morning trade -- bringing the company s market value above $1 trillion.
Amazon Founder Jeff Bezos is already the richest person on Earth with a net worth surpassing $150 billion.
He owns over 16 per cent of Amazon which he founded in a garage in Seattle in 1994.
Apple became the first $1 trillion company last month. The Cupertino-based iPhone-maker is currently worth about $1.1 trillion.
Google s parent company Alphabet Inc and Microsoft are fast approaching the $900 billion mark reports said.
Facebook -- which crossed $500 billion in 2017 -- is not growing much owing to a massive data privacy scandal amid falling user base.
--IANS na/qd/bg
