Amazon is now the second publicly traded U.S company to hit $1 trillion valuation.
The company’s market cap hit $1 trillion just a few moments ago after its share price hit $2050.50. Amazon is the second publicly traded U.S. company to hit $1 trillion, following Apple, which crossed the $1 trillion market cap in August. That’s two $1 trillion businesses that started off in a garage. Wowza.
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Amazon’s $1 trillion has been coming for weeks. The company’s valuation has been teasing around the $1 trillion for a little while now, though all of that wait finally finished once the share price hit $2050.50. The company’s share price needed to rich $2050.27 in order to reach $1 trillion. The share price has since dropped down, so the company was only valued at $1 trillion for a brief few minutes.
Congratulations on the $1,000,000,000,000, Jeff Bezos.