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Amazon Hits $1 Trillion Market Value Milestone (reuters.com)
Amazon.com on Tuesday became the second U.S. company to reach $1 trillion in stock market value, just weeks after Apple hit the same milestone on Aug. 2. Shares in the world's largest online retailer last traded up 1.4 percent at $2,041.68. Its shares hit the $2050.2677 level to give its stock a value of $1 trillion. From a report: Amazon and Apple, which hit the trillion-dollar milestone on Aug. 2, symbolize the growing influence of tech companies on markets and the economy. The industry is amassing wealth and power, creating a new order in business where the most valuable resource is no longer oil, but data. Not far behind in market value are Google owner Alphabet Inc. and Microsoft Corp. , both approaching $900 billion, while Facebook -- which crossed $500 billion in July 2017, a day after Amazon -- has stalled at those levels amid a data-privacy scandal and growth concerns.
No. I buy nothing from Amazon. Whether they are worth a trillion dollars or they go out of business tomorrow, it is meaningless to me.
When they drive the last of their competitors out of business, will it still be meaningless to you?
I find it amusing that with both companies being at a one trillion market cap, AAPL has a P/E ratio of 20, while AMZN has nearly an order of magnitude higher P/E at 185.
"There is more worth loving than we have strength to love." - Brian Jay Stanley