Amazon Has Become the Most Expensive Company in the World
OREANDA-NEWS The company of billionaire Jeff Bezos Amazon topped the ranking of the most expensive in the world, according to the Wall Street Journal.
Amazon's shares on the Nasdaq rose 3.4% to $ 1,650 apiece, thus capitalization was $796.7 billion, making this company the most expensive of those whose shares are listed on the stock exchange.
Due to the growth in the share price of Amazon has surpassed Microsoft, the capitalization of which is $783 billion in the Third place is Apple, the value of its securities on the stock exchange dropped 0.33% during the recent trading to $143,93 apiece. Thus, its capitalization is $701.9 billion.
On January 2, Apple released data for the first fiscal quarter, which expired at the end of last year. Forecast revenues for this period were reduced from $89-93 billion to $84 billion This circumstance provoked a sharp decline of 7.7% of the shares of the company on the stock exchange. As a result, the market capitalization of Apple fell below $700 billion in August last year, the market capitalization of the company exceeded $1 trillion, but then fell and as of mid-December 2017 slightly exceeded $800 billion.
In December, Amazon managed to temporarily overtake Microsoft and Apple in capitalization, then it first exceeded $865 billion, but later fell to $864.4 billion while Microsoft's capitalization at that time was $859 billion, and Apple was in second place with $864.8 billion.
Earlier it was reported that the stock indices S&P 500, Dow Jones and Nasdaq declined in early 2019. In particular, the Nasdaq index, specializing in shares of high-tech companies, fell by 3.04%, this is the worst start of the index of the exchange since 2005.
Amazon is the largest Internet company in the world and one of the first web services focused on the sale of mass demand goods. Founded in 1994 by Jeff Bezos. Now the entrepreneur is considered the richest man in the world. According to Bloomberg Billionaires Index, his fortune is estimated at $ 135 billion.