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Amazon becomes 2nd US company to reach USD 1 trillion value

E-commerce company Amazon on Tuesday became the second American company to cross USD 1 trillion in value.

ANI | Updated: 05 Sep 2018, 12:14:05
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New Delhi: E-commerce company Amazon on Tuesday became the second American company to cross USD 1 trillion in value. 

The Jeff Bezos-founded company and Apple now make up more than eight percent of the entire value of the S&P 500, CNN quoted senior index analyst for S&P, Howard Silverblatt as saying. 

The company's stock reportedly rose nearly two percent in the morning trading, thereby putting its market value just over the 13-digit territory. 

Amazon, in just two decades, expanded far beyond its bookseller beginnings. It has revolutionised how people shop online. Apple topped the USD 1 trillion mark in early August.


First Published: 05 Sep 2018, 12:14:05

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