(Image source from: hacked.com)
Amazon: Second 1 Trillion Dollar Company In USA:- Apple has been registered as the first trillion dollar company across the globe. Now Amazon has been named as the second US public company to hit 1 trillion USD value in the market. As per the news, Amazon shares hit 2050.50 USD after they climbed by 2% in the trade due to which the market value touched 1 trillion USD mark. Amazon founder Jeff Bezos has been named as one of the richest entrepreneurs all over with net worth 150 billion USD. Amazon was founded in 1994 which is now one among the largest online retailers across the globe.
Amazon has been expanding across the globe on a faster pace and is capturing smaller markets. Amazon reported nearly 53 billion USD in sales in the three months ended in June, with record quarterly profit of 2.5 billion USD. Amazon has 575,000 employees across the globe. Amazon expanded market across logistics, loans, storage and selling platforms. Google's Alphabet and Microsoft are approaching 900 billion USD and facebook crossed 500 billion USD recently.