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Tajuk : Amazon hits $1,000 per share, is worth two Walmarts
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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 Business

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