We all know very well that the world’s biggest shopping or e-commerce site Amazon is one of the best e-commerce sites for shopping. In February, Jeff Bezos, the founder of the giant e-commerce site, of course, Amazon has surpassed the tech giant Microsoft by market value and became the third most valuable company in the world. On the night of Tuesday (20), it was the turn to leave the Google (Alphabet) behind.
Amazon Surpassed Google To Become The World’s 2nd Most Valuable Company
The most used and the world’s biggest shopping or e-commerce site Amazon is one of the best e-commerce sites for shopping. In February, Jeff Bezos, the founder of the giant e-commerce site, of course, Amazon has surpassed the tech giant Microsoft by market value and became the third most valuable company in the world. On the night of Tuesday (20), it was the turn to leave the Google (Alphabet) behind.
The store that sells everything finished the day with a 2.7% rise on the Nasdaq stock exchange and a market value of $768 billion, while the owner of the tech giant Google was $761.4 billion and remained stable. Both companies fall behind the tech giant Apple, which is valued at $889.2 billion.
Last year has been very strong for Amazon: the company saw its stock rise 85% in the last 12 months, and 35% only in the early months of 2018. The good results made CEO Jeff Bezos overtake Bill Gates as the richest man of the world: it has a fortune estimated at $131.1 billion, ahead of the $91 billion of the founder of the tech giant Microsoft.
Good results from Amazon, according to CNBC, have been impacted by the cloud computing division. In 2017, Amazon Web Services revenue rose 43 percent, making Amazon the fifth largest enterprise software company in the world, behind the tech giant Microsoft, IBM, Oracle and SAP – the latter should be exceeded in 2019 if grow as they are.
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