Published: September 04, 2018
- Online retail giant follows Apple as shares rise on Wall Street
- Jeff Bezos-founded company had revenues of $178bn last year
Amazon has become the second company to be valued by Wall Street at $1tn, a matter of weeks after Apple reached the milestone first.
On Tuesday, a rise in the share price of Amazon, which is listed on the Nasdaq stock exchange in the US, briefly took it above the trillion-dollar watermark for the first time. The company’s value hovered just shy of $1tn before noon.
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