Amazon has come a long way from being just an online bookstore to one of the biggest companies worldwide. It reached the $ 1 trillion valuation mark on September 4th. However, this was just for a brief moment of time. It is only the second company to touch this mark after Apple did so last month.
In the morning of 4th September, Amazon’s stock traded at $ 2,049, reaching the $ 1 trillion mark. By the time the day had ended, the stock closed at $ 2,039. This brought the capitalisation down to $ 995 billion. Just a few years back in the year 2012, Amazon was worth around $ 100 billion while Apple was worth $ 450 billion. Six years later, Amazon is fast on Apple’s [...]