Amazon valuation – Mega conglomerate Amazon made history after its valuation passed the symbolic milestone of the $1 trillion mark. Amazon’s feat is one that was ever coming. After a successful 2018 that was topped off with Amazon’s most productive prime day sale till date, Amazon had seen its stock rising rapidly throughout the year. Expanding steadily and venturing into many services, Amazon has over the year not only been doing well in its core business but also in its new launches AWS, Alexa and Prime Video.
Amazon shares briefly crossed the $2,050.27 mark in intraday trading to see them register a 1% growth to help the online retail giant across the market cap of $1,000,000,000,000. This figure of Amazon valuation is based on its latest total of 487,741,189 outstanding shares.
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Amazon’s growth from a profitless bookseller to a trillion dollar company is as inspiring as it is commendable. The growth its shares have seen over the year reflect upon the disruptive force of commerce Amazon has become over the years.
Leading in online retail, Amazon has not only solidified that position but also been quick to make a stronghold in the physical sector. Aggressively spending on industries from health care to grocery delivery, Amazon’s strategy to spread its branches in as many sectors a possible has paid off for them. This has seen investors show trust in the company, rewarding the financial discipline shown by it in recent quarters which has seen the company report record profits.
Talking about the Amazon valuation, “They’ve proven they can make it work,” said Michael Lippert, who manages the Baron Capital Opportunity Fund that counts Amazon as its largest holding. “They’re spending a lot on all these things to build and enforce their competitive advantages.”
In August, Apple had become the first company ever to cross the mystic 1 trillion dollar mark. With Amazon joining the list, the growing influence of technology companies in today’s world, markets and economies is at an all time high. Not far behind in market valuation are Google owner Alphabet Inc. and Microsoft Corp., both approaching $900 billion, highlighting the emergence of technology and related services that have seen these companies amass wealth and power incomparable to any.