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Amazon becomes second US company to reach $1 trillion market valuation

Sep 05, 2018 15:48 IST
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E-commerce company Amazon on Tuesday became the second American company to cross USD 1 trillion in stock market valuation. The Jeff Bezos-founded company and Apple now make up more than eight percent of the entire value of the S&P 500, said Howard Silverblatt, Senior Index Analyst for S&P. Amazon has revolutionised how people shop online and is the world’s dominant Internet retailer. The company’s blowout success made its founder and CEO, Jeff Bezos, No. 1 on Forbes’ billionaires list.