When Apple hit the trillion dollar market value just a month or so ago, many wondered which company would be the next to achieve the milestone.
The wait is finally over as Jeff Bezos’ Amazon.com has become the second company after Apple to be valued at one trillion dollars. ($1t)
Amazon’s stock price has more than double in less than a year, ensuring an absolute dream for Jeff Bezos’ company on the stock market, as it enjoys unparalleled growth in online retail and cloud computing services.
The Amazon stock is currently trading at $2050.50, and if it continues its current growth pace, analysts predict it wouldn’t be long before Amazon overtakes Apple’s market value to become bigger than Apple.
Earlier this year Jeff Bezos overcame bill gate again to emerge the richest.