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Amazon Hits $1 Trillion

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Tuesday was worth a trillion for Amazon (AMZN.O).

The enormous e-commerce company just became the second in the U.S. to ever reach such a sum. As per Cheddar, "(Amazon) saw shares rise to $2,050.50 just before noon, putting its valuation just about $100 billion behind Apple, which crossed the line a little over a month ago." As CNN reports, "Amazon and Apple now make up more than 8% of the entire value of the S&P 500." According to Reuters, "(Amazon's stock price more than doubled in a year as it grew rapidly in retail and cloud computing." The company began 2018 with a valuation of $580 billion.

That's trillion...with a "t"zentrade.online

While a $100 billion difference seems significant, experts predict it may not be long before Amazon leaves Apple in the dust… if trillions can be considered a speck. "The stock's 74 percent gain this year is more than double that of Apple, and if shares of both companies keep the same pace, Amazon could close the gap by the end of the year," notes Cheddar.


But the trillion dollar mark for Amazon was short-lived, at least for now. According to The New York Times, the company ended the day (Tuesday) "at $2,039.51, below the $1 trillion threshold."

So, how did Amazon arrive at this this apex? As The New York Times explains, "Amazon captures 49 cents of every e-commerce dollar in the United States. It employs more than 550,000 people and generates $178 billion in annual revenue. Amazon's founder and chief executive, Jeff Bezos, is worth nearly as much as Bill Gates and Warren E. Buffett put together." He has a net worth of more than $150 billion.

A trillion dollar smile i2.cdn.turner.com

To further put things in perspective, "Contrast Amazon with the brick and mortar sector, where 90% of American retail spending still takes place. In order to get to a $1 trillion market cap, you'd have to add up the valuations of the 14 largest big box retailers ranked by 2017 revenues," describes CNN.

As one might expect, reaching $1 trillion isn't something we see every day, but along with Apple and Amazon, it has been done before by China Petroleum. As Cheddar reports, "China Petroleum did so on the Hong Kong exchange back in 2007, but those shares have since plummeted, giving the one-time oil giant a current market cap of around $121 billion."

Ordering is easy images.financialexpress.com

Apple took 38 years to hit $1 trillion, Amazon needed just 21. And Amazon crosses into so many sectors. "Amazon has its fingers in many pies, and it's successful in most of them. On top of its centerpiece online store, it has a thriving cloud services business that includes the likes of AWS, Alexa and Prime Video. It's rapidly expanding its hardware offerings, and you can't ignore the value of Whole Foods," notes Engadget.

As we approach Q4 and end 2018, will Amazon trickle into trillion-dollar territory again? And will they continue to rise? Bezos would bet his bottom dollar.

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Why LinkedIn Named Amazon The #1 Company to Work For

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LinkedIn is arguably the most popular website for professional networking and finding jobs. They have recently released their "Top Companies" list for 2018, a representation of the top 50 companies where "professionals most want to work across the U.S. based on the actions of LinkedIn's more than 546 million professionals."


By tapping into four main pillars – interest in the company, engagement with the company's employees, job demand, and employee retention, LinkedIn ranked these 50 companies for 2018. And which one came out on top? The always-impressive, ever-expanding Amazon.

A worker checks a box at an Amazon warehouse onpoint.legacy.wbur.org

Consumers can't get enough of Amazon, so it is reassuring to know that the people who work for the Seattle-based company are just as satisfied. As the second-largest private employer in America (Walmart is #1) and a global headcount of 566,000, Amazon is by all means impressive and inspires people to seek out employment with their company.

Wise Step notes some impressive and attractive reasons as to why Amazon is such a great place to work. "The Amazon pay scale is good and above average as compared to other companies. It comes with several benefits and also gives you the freedom to move around. The Amazon work environment also lets people be themselves. People are open-minded and willing to listed to you. Amazon is also an innovative company and gives you a great opportunity to learn."

Greeting Amazon customers with a smilepinterest.com

CNBC reported that millennials are jumping at the chance to work for Amazon. "They give young professionals what they want most: career growth, flexibility, and a sense of purpose. They are able to learn and be challenged and see results." Additionally, "millennials are more likely to seek out companies with progressive management." At a company like Amazon, these millennials feel like they are making a difference in the larger sense through the work they are doing. It is not only about personal achievement for this forward-thinking generation.

Snap notes, "Amazon's success stems from CEO Jeff Bezos and his management team, who operates differently than most other companies. He knows what works and isn't afraid to take chances. Staying connected to what consumers want is what makes Amazon great." Employees take pride in knowing their work is appreciated by consumers who feel their voice is being heard and they see the impact first-hand.

Jeff Bezos presents key findings at an Amazon press conference fortune.com

According to LinkedIn, "You won't find extraordinary perks at the company, and the work tempo is famously intense. But for people who want to chase big dreams with giant-company resources at their disposal, the chance to make a mark at Amazon is an enticement that sells itself." The proof is in the pudding. "Amazon's job listings have attracted 55 million views and 8 million applications in the past 12 months alone."

Check out the entire list of the Top Companies from 1 – 50. Take a guess as to where Starbucks, Nike, Facebook, Twitter, Uber, and Netflix landed.

Have you considered a career with Amazon? Based on public opinion, you won't regret it.

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