Tag Archives: 1tn

Amazon.com signs up with Apple to come to be 2nd $1tn firm

Amazon has hit a $1tn market capitalisation, capping an extraordinary surge that has seen the ecommerce group’s stock more than double in 12 months.  While Apple was first to $1tn last month, Amazon’s rise is record-breaking in its own right. The iPhone maker’s relatively steady climb contrasts with Amazon’s vertiginous recent rally, adding some $520bn in equity value in the last year alone. That increase is itself as large as the market capitalisations of Berkshire Hathaway and Facebook, respectively the world’s fifth and sixth most valuable public companies.  Amazon’s […]

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