Amazon Moving Faster than Light: Becomes the World's Second Company to Be Valued At $1 Trillion

Wall Street has now valued Amazon at $1 Trillion USD weeks after Apple made its mark. The gigantic player of the retail market is giving a head-on competition to Apple. Last year Amazon was said to have revenue of $178 billion and as time went on the company grew to be a huge competition for many. The share price of Amazon that was listed on the stock exchange in the US showed that Amazon touched its trillion-dollar mark for the very first time. Within a time frame of 25 years, Amazon has made its impact in various verticals and not only playing smart in the retail industry but also playing its cards right in various other verticals as well. It was already announced that Jeff Bezos was the world’s richest man with $167 billion in his pockets and now his company takes the lead. From a bookseller to the retailer to a company that is now spreading its root to various other industries.

After the company made its last share at $2,050, it was pushed to the $1 trillion. Although, there are speculations on the attitude of the company towards the tax and workers’ rights is not good in terms of business and employee welfare. The company still continues to grow. Is it really too soon for Amazon? Or is it the right time for the company to shine brightly in the market? Let us see what happens in the future, will Amazon still stand tall?