Amazon is now worth two Walmarts
On the 20th anniversary of its IPO, Amazon’s market cap stands at $459 billion. Walmart’s? $228 billion.
It took Amazon 18 years as a public company to catch Walmart in market value. It took less than another two years for Amazon to be worth twice as much.
On the 20th anniversary of Amazon’s IPO, Amazon’s market cap stands at $459 billion before the market opens for trading. Walmart’s? $228 billion.
https://www.recode.net/2017/5/15/15639748/amazon-jeff-bezos-walmart-ipo-anniversary-market-cap-worth-double
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