Amazon’s shares have reached $2,050.2677 in price, which has allowed the company to join Apple as one o the only two companies in the world to be valued at $1 trillion.
Amazon is special because of the massive scale of their growth, but especially because of its consistency. Yahoo Finance states that the price of the company’s shares doubled in the last year.
To many, this comes at no surprise considering the growth Amazon has been seeing in the last year and a half. Last year, they acquired their biggest competitor in the Middle East, souq.com for $580M. They also acquired Whole Foods for $13.7 billion. Amongst other acquisitions, they also announced they would be opening a second headquarters, and other initiatives that are sure to bring even more growth.
Amazon is only one of many corporate giants that are showing how quickly a business can grow. Facebook and Microsoft are also examples of companies that have expanded exponentially in a reasonably short amount of time.