<p class="rtejustify">Amazon.com Inc on Tuesday became the second US company to reach $1 trillion in stock market value, just weeks after Apple Inc hit the same milestone on August 2.</p>.<p class="rtejustify">Shares in the world’s largest online retailer last traded up 1.4% at $2,041.68. Its shares hit the $2050.2677 level to give its stock a value of $1 trillion.</p>.<p class="rtejustify">Amazon crossed the $2,000 threshold for the first time on August 30 after doubling its price in just 10 months. Amazon shares first hit $1,000 on October 27, 2017. It first reached $100 on Oct. 23, 2009.</p>.<p class="rtejustify">The Seattle-based company revolutionised how people shop online and became the world’s dominant Internet retailer. Started off as a profitless bookseller, the company expanded its business across the globe, disrupting retail operation, B2B operation, advertising and cloud computing business.</p>.<p class="rtejustify">Amazon employs more than 550,000 people and generates $178 billion in annual revenue.</p>.<p class="rtejustify">Amazon cemented its customer loyalty through smart devices like Alexa and the Prime membership programme that offers fast, free shipping as well as music and video streaming perks.</p>.<p class="rtejustify">In India, Amazon is in intense competition with arch-rival Flipkart. The company launched its Hindi app and website to onboard next million users. </p>.<p class="rtejustify">The growth of the company made its founder and Chief Executive Officer Jeff Bezos No 1 on Forbes’ billionaires' list. reflecting the online retailer’s striking transformation from a profitless bookseller into a disruptive force of commerce.<br /> </p>
<p class="rtejustify">Amazon.com Inc on Tuesday became the second US company to reach $1 trillion in stock market value, just weeks after Apple Inc hit the same milestone on August 2.</p>.<p class="rtejustify">Shares in the world’s largest online retailer last traded up 1.4% at $2,041.68. Its shares hit the $2050.2677 level to give its stock a value of $1 trillion.</p>.<p class="rtejustify">Amazon crossed the $2,000 threshold for the first time on August 30 after doubling its price in just 10 months. Amazon shares first hit $1,000 on October 27, 2017. It first reached $100 on Oct. 23, 2009.</p>.<p class="rtejustify">The Seattle-based company revolutionised how people shop online and became the world’s dominant Internet retailer. Started off as a profitless bookseller, the company expanded its business across the globe, disrupting retail operation, B2B operation, advertising and cloud computing business.</p>.<p class="rtejustify">Amazon employs more than 550,000 people and generates $178 billion in annual revenue.</p>.<p class="rtejustify">Amazon cemented its customer loyalty through smart devices like Alexa and the Prime membership programme that offers fast, free shipping as well as music and video streaming perks.</p>.<p class="rtejustify">In India, Amazon is in intense competition with arch-rival Flipkart. The company launched its Hindi app and website to onboard next million users. </p>.<p class="rtejustify">The growth of the company made its founder and Chief Executive Officer Jeff Bezos No 1 on Forbes’ billionaires' list. reflecting the online retailer’s striking transformation from a profitless bookseller into a disruptive force of commerce.<br /> </p>