Amazon market value tops $1tn

Amazon becomes world's second $1tn company

Just a few weeks after Apple became the world's $1 trillion company, Amazon became the second to reach the historic marker: On Tuesday, as Amazon stock inched higher, the company's market capitalization briefly rose over $1 trillion.

The company's market cap hit $1 trillion just a few moments ago after its share price hit $2050.50.

Bezos founded the company in his Seattle garage as a small online book seller. Apple became the first $1 trillion company last month.

Now, Amazon has followed in Apple's footsteps - the online retail giant successfully snagged the trillion-dollar company title for itself today, albeit temporarily.

"Despite its size and scale, there is still something young about Amazon", Saunders said.

"The Amazon Washington Post has gone insane against me ever since they lost the Internet Tax Case in the U.S. Supreme Court two months ago", Trump tweeted in July.

These two companies, however, are not the first ones to achieve this feat. This temporary achievement plants Amazon firmly among the ranks of Apple and PetroChina, the only other global companies who have performed the same feat.

Cristiano Ronaldo return to Manchester United never on, says Jose Mourinho
His clubmate Sergio Ramos was named best defender while Real shot stopper Keylor Navas won the best goalkeeper prize. Red Star, former club of Reds midfielder Marko Grujic , are in the Champions League for the first time since 1992.

Amazon's shares debuted at $18 on May 15, 1997. The combined value of both companies is equal to roughly 10 percent of US gross domestic product.

"They kept their eye on the prize, which was initially to take over most of commerce".

Bezos has kept firm control of Amazon, steering clear of hedge fund investors inclined to short-term tactics aimed at getting share prices to jump.

For example, Amazon's lucrative cloud computing business is built on technology infrastructure that the company needed to run its own operations. Amazon saw its quarterly profit soar past $2 billion for the first time earlier this year as the online shopping, cloud computing and advertising businesses all kept growing.

Prescription medicine would be a natural market for Amazon to expand into, according to Enderle.

"Amazon CEO Jeff Bezos holds up the new Kindle Fire HD 7" and Kindle Fire HD 8.9" (L) during Amazon's Kindle Fire event in Santa Monica, California September 6, 2012. It's now a diversified global enterprise with more than $200 billion in annual sales and more than 575,000 employees.

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