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

Name: Amazon becomes second US company to reach $1 trillion market valuation
Uploaded: 2018-09-05T15:48:10+05:30
Channel: Hindustan Times

Published on Sep 05, 2018 03:48 PM 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.

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