Amazon Hits $1 Trillion Valuation

Posted on September 4, 2018 by Mehedi Hassan in Amazon with 7 Comments

Suddenly, Amazon is Number Two

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.

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.

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Comments (7)

7 responses to “Amazon Hits $1 Trillion Valuation”

  1. dcdevito

    Kudos to them, but when Amazon, Apple, Microsoft (~$900B), Google (~$900B) and Facebook (~$700B) are all at $1T in valuation will it be too late to slow them down? And when will another tech company outside those 5 hit the same milestone?

  2. jules_wombat

    And yet they still not prepared to pay their fair share of Taxes in Europe. Rather Distasteful to all the law abiding tax paying retail units being put out of business by Amazon.

  3. simont

    Headline really should have been: Amazon Hits $1 Trillion Valuation briefly

  4. FalseAgent

    and they still won't pay taxes.

  5. roastedwookie

    Where is Microcrap now? :)))) Where are the fanboys yelling that Microsoft will reach $1 Trillion first, then maybe third but I doubt it!

    • warren

      In reply to roastedwookie:

      Maybe it's taking Microsoft longer because they pay their employees a living wage and treat them with dignity. Contrast this with Amazon's workers who find themselves peeing in bottles because they can get fired for lack of productivity if they take a bathroom break.

  6. Tony Barrett

    Well, this is just a market valuation, and they fluctuate greatly - and it depends which tech company is the flavor of the month at the time. But, saying that, I was quite staggered to read two things recently - first, that Amazon in the US could, by the end of the year, have 50% of the retail sales market. Second, and this has been reported elsewhere, is just how badly Amazon treat their warehouse staff. I'd actually say both of those are not good.

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