Amazon's market value exceeds $ 900 billion; approaches Apple

Amazon's market value exceeds $ 900 billion;approaches Apple

By Noel RandewichSAN FRANCISCO (Reuters) - Amazon.com's market capitalization reached $ 900 billion on Wednesday for the first time, a milestone in its path ...

By Noel RandewichSAN FRANCISCO (Reuters) - Amazon.com's market value reached $ 900 billion on Wednesday for the first time, a milestone in its 21-year history as a listed company and threatening to overtake Apple as the world's most valuable jewel. Wall Street.After Jeff Bezos founded the online book business in his garage in 1994, Amazon survived the dot-com crisis and expanded throughout the retail industry, altering the way consumers buy products and sparking a struggle between physical stores.After announcing that it sold over $ 100 million worth of products during Prime Day's annual sale, Amazon's market value reached $ 902 billion.Amazon shares rose more than 57 percent in 2018, with a valuation of 123,000 percent since its listing on Nasdaq in 1997. An investor who bought 1 Amazon share for $ 18 in the IPO would now have an investment of over $ 22,200.Amazon, the Netflix video streaming service and a handful of heavyweight tech companies have fueled Wal...


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