The shocking story of the Amazon company
For the first time, online shopping company Amazon has become the world’s largest company after Microsoft. At present its total value is more than all the companies in the world. He achieved this last Monday.
The company had a net worth of 796.8 billion by the time the stock market closed that day. Microsoft has a net worth of 783.4 million. Alphabet currently ranks third and Apple fourth.
Amazon’s market cap reached 1 trillion in September last year. But since then, it has been declining as the stock has continued to decline. The company achieved this feat after its share price rose 3.4 percent on Monday.
The share price of Amazon, which was प्रति 18 per share on May 15, 1997, has risen to 1,629.51 today. In other words, the person who bought the shares at the price of one thousand dollars at that time has more than 896,000 dollars in assets today.
Amazon founder and CEO Jeff Bezos is currently the richest man in the world. He currently has 235 billion, followed by Microsoft CEO Bill Gates at अर्ब 92 billion.
Apple, the world’s most valuable company for the past seven years, has slipped to fourth place due to a steady decline in iPhone sales. Apple was overtaken by Microsoft last December. Apple is currently valued at 701.1 billion.
Shares of Apple Corps were down 10 percent last week, according to Apple Corps.