Amazon joins Apple in $1 trillion club

in #news6 years ago

 AMAZON has become the second publicly traded company to be worth $US1 trillion ($UA1.4 trillion), hot on the heels of Apple.Amazon has revolutionised how people shop online and is the world’s dominant internet retailer. 

 In two decades the company expanded far beyond its bookseller beginnings, combining its world-spanning retail operation with less flashy but very profitable advertising and cloud computing businesses. 

 The company’s blowout success made its founder and CEO, Jeff Bezos, No. 1 on Forbes’ billionaires list this year.The Seattle-based company has cemented customer loyalty through smart devices like Alexa and the Prime membership program that offers fast, free shipping as well as music and video streaming perks. 

 Amazon’s stock rose 1.7 per cent, putting its market value at just over $US1 trillion.Apple topped that mark in early August. 

Sort:  

Congratulations @prafulk! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of posts published

Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word STOP

Do not miss the last post from @steemitboard:
SteemFest³ - SteemitBoard support the Travel Reimbursement Fund.

Do you like SteemitBoard's project? Then Vote for its witness and get one more award!