Amazon Is Second US Company to Reach $1 Trillion Market Value
Amazon has revolutionized how people shop online and is the world’s dominant internet retailer. In two decades the company expanded far beyond its bookseller beginnings, combining its world-spanning retail operation with less flashy but very profitable advertising and cloud computing businesses.
The company’s blowout success made its founder and CEO,
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Amazon’s stock rose 1.7 percent, putting its market value at just over $1 trillion. Apple topped that mark in early August.