And finally…Amazon passes $1trn milestone
Reading time: 1 minute
Online retail giant Amazon has (briefly) become the second US-listed firm to have a market value of more than $1 trillion (£779bn).
Shares in the e-commerce firm rose nearly 2 per cent to a high of $2,050.50 in morning trade before slipping back.
The news comes just a month after fellow tech heavyweight Apple became the first reached the milestone.
Founded in 1994, Amazon is now the world’s largest online retailer.
Its chief executive, Jeff Bezos, is the world’s richest man, with a net worth of more than $160bn.
Share this article:
Subscribe to our newsletter to not miss articles like this one:
SUBSCRIBE
