Amazon Is Worth Almost Twice As Much As Walmart

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Amazon, the e-commerce king, which is also now a cloud computing giant, connected-home leader, drone company, freight airline, Hollywood studio and even a traditional brick-and-mortar retailer, rose above $900 for the first time, CNN reports.

Amazon (AMZN, Tech30) stock is on a seven-day winning streak. The shares have gained 7% during that stretch and more than 20% this year.

As a result, Amazon is worth more than $430 billion. That’s nearly twice the market value of its rival Walmart(WMT), which has a market cap of a mere $220 billion.

Only Apple (AAPL, Tech30), Google owner Alphabet(GOOGL, Tech30) and Microsoft (MSFT, Tech30) are worth more than Amazon. The Jeff Bezos-led company is now more valuable than Facebook (FB, Tech30) and Warren Buffett’s Berkshire Hathaway (BRKB).

See CNN for More

 

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1 COMMENT

  1. I’ve been saying for years that Walmart is an overhyped worthless store that caters to the most vulnerable low income gullible brainwashed shoppers. Walmart offers NOTHING. Service stinks, selection stinks, availability stinks, quality of products stink, price stinks, etc… Amazon, on the other hand, offers you the exact opposite, maximum that shaich.

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