It’s pretty much Amazon’s world, we’re all merely browse in it.
Shares in the ecommerce company reached $1,000 on Tuesday morning, a first for the company that Jeff Bezos started back in 1994.
So is $1,000 merely a nice, round number? Pretty much, yes. It doesn’t mean all that much. To set the number in context, Amazon shares would be worth $12,000 if the company had not split its shares numerous days( companies do this to keep share costs reasonable ).
The more interesting number is two: Amazon is now worth doubled what Walmart is.
Amazon sits at a cool $478 billion in market capitalization( how much the market share are worth days how many shares exist ). Walmart sits at $236 billion.
That might come as some amaze, and it should. It took a while for Amazon to catch Walmartbut simply a couple years to leave its challenger in the dust.
Walmart remains a giant company that dominates the in-store retail experience. More lately, though, it has been working to catch up with Amazon in online marketings. It has been on a buying spree, snapping up ecommerce companies Jet.com, Bonobos, and ModCloth.
Amazon, meanwhile, has been diversifying into a variety of businesses. In addition to accounting for 43 percent of online retail sales, Amazon is quickly growing its business-to-business operations such as Amazon Web Service, which is used by millions of businesses to power their engineering requires. They’re likewise looking to do the same to areas like logistics and customers relations.
There’s likewise more to its consumer program than ecommerce. Its Amazon Prime subscription service has emerged as a legitimate challenger in the video market, while also offering two-day shipping and a variety of other services.
It wasn’t always seeming so rosy. Amazon invested years losing money. Its CEO Bezos devoted little indication that this would change. The company expended aggressively in a variety of areasand those investments are paying off.
This might be merely the beginning. As Amazon continues to expand, some in the tech industry think that there might not be any parts of business not safe from Amazon.