You heard us correctly. That number was with a “T,” not a “B.” Amazon is officially worth $1 Trillion in market value, second only to Apple.
If you’re wondering how a company who built its beginnings on bookselling has evolved into a trillion dollar company, let’s take a closer look into Amazon’s history and expansion.⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀
Over the past two decades, Amazon has improved its use of subtle advertising and cloud computing to make giant profits. The website has completely transformed how people all over the world shop online, morphing into the world’s largest internet retailer.
Forbes listed Amazon CEO, Jeff Bezos, the year’s No. 1 on their annual Billionaire’s list.
Based in Seattle, the company has revolutionized business by offering the Firestick, which many use as a cable replacement. By implementing smart devices like Alexa and marketing the Prime membership, Amazon gives users fast, free shipping as well as music and video streaming perks.
Making power moves isn’t new for Amazon, if you remember the company made headlines when they bought Whole Foods just last year. Amazon purchased the grocery giant for just under $14 billion, the retailers largest acquisition to date.
Even further, Amazon has been working in its base in Seattle to create “Amazon Go,” cashierless stores. They’ve just opened their third location this week.