Amazon hits $1,000 per share, is worth two Walmarts
It's pretty much Amazon's world, we're all just shopping in it.
Shares in the ecommerce company hit $1,000 on Tuesday morning, a first for the company that Jeff Bezos started back in 1994.
So is $1,000 just a nice, round number? Pretty much, yes. It doesn't mean all that much. To put the number in context, Amazon shares would be worth $12,000 if the company had not split its shares numerous times (companies do this to keep share prices reasonable).
The more interesting number is two: Amazon is now worth double what Walmart is.
Amazon sits at a cool $478 billion in market capitalization (how much its shares are worth times how many shares exist). Walmart sits at $236 billion. Read more...
More about Amazon, Ecommerce, Jeff Bezos, Walmart, and BusinessCOntributer : Mashable http://ift.tt/2rAKQaK
Amazon hits $1,000 per share, is worth two Walmarts
![Amazon hits $1,000 per share, is worth two Walmarts]()
Reviewed by mimisabreena
on
Tuesday, May 30, 2017
Rating:
No comments:
Post a Comment