Apple has long been the most expensive publicly traded company in the world. It was only a matter of time before it reached the one trillion US dollar market capitalization mark. In the meantime, the question was which company would be the first to do it: Apple or Amazon.
On August 2nd of this year, it was the brand we love - Apple. The iCompany went down in history. It was only a matter of time before Amazon followed.
One trillion dollars
Now the time has come. The stock market darling has done it. The online retailer is the second company in the world to break the market value of one trillion US dollars. In early US trading, Amazon temporarily reached a value of 2050.50 US dollars per share. The online retailer thus exceeded a market value of one trillion US dollars.
Jeff Bezos founded Amazon in Seattle in 1994. The company is considered the market leader in online retail and boasts the largest selection in the world. In addition to the department store, the company also develops its own devices and produces content such as TV series. The stock was listed on May 15, 1997. The price at the time was 18 US dollars per share.
