Amazon Joins Apple As Second $1 Trillion Company
Amazon has become the second American company to have a market value of more than a trillion dollars after Apple.
It’s shares rose as high as $2,050.50 on Tuesday morning, pushing it over $1 trillion in value, before immediately falling back and then ending the day at $2,039.51, below the $1 trillion threshold.
The Seattle-based company has enjoyed a banner year so far, with Amazon’s shares surging by more than 70 percent in 2018.
The company’s success has made CEO Jeff Bezos the richest man in the world, with a net worth of about $150 billion.
— CNN (@CNN) September 4, 2018