Amazon valued as world’s second $1 trillion company behind Apple
E-commerce giant Amazon has been valued at $1 trillion, the world’s second company to achieve the status behind tech company Apple.
Amazon, which was founded by Jeff Bezos in 1994 as an online book seller, was valued by Wall Street, with a rise in the company’s share price this week taking the company over the trillion-dollar watermark.
The online retailer has seen a huge surge over the past 12 months, with Amazon’s group stock more than doubling in the time period, adding $250 billion in equity value. This is in stark contrast to Apple’s steady rise.
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