Amazon, Following Apple, Reaches $1 Trillion in Value

[DonViejo]

Source: The New York Times



By David Streitfeld
Sept. 4, 2018

SAN FRANCISCO — When Apple’s market value crossed a trillion dollars last month, the reason was simple: It makes devices that a lot of people are willing to spend a lot of money on.

Now Amazon has become the second American company to cross that once-unimaginable line. Its founder and chief executive, Jeff Bezos, is worth nearly as much as Bill Gates and Warren Buffett put together.

This time, the explanation is more complicated.

Amazon captures 49 cents of every e-commerce dollar in the United States. It employs more than 550,000 people and generates $178 billion in annual revenue. It sells everything from computing space to peanut butter to appointments with plumbers.



Read more: https://www.nytimes.com/2018/09/04/technology/amazon-stock-price-1-trillion-value.html

[SummerSnow]

1. This is why Trump hates him.lol

[Bengus81]

2. Keep employee wages stagnant for another few years and hit TWO TRILLION Bezos!!!!!

Yeah,and keep those warehouses like sweat shops,saves tons on electricity!!!

[elmac]

6. having so much wealth in the hands of a few uber rich

is disastrous for the overall health of the economy. But, this is "yuge" and bigly!

[Astraea]

3. time to eat the rich

[AllyCat]

4. Then they clearly can afford to pay their workers a lot better than they do.

All of the workers. Not just some of them. Start at the bottom and adjust salaries/wages to living wages.

[7962]

5. Ridiculous. They barely, if ever, turn a profit. Selling at 180+x earnings.

But everyone has to jump on the bandwagon

[elmac]

7. the reagan trickle down, or on, economy at its finest.nt