TRILLION $ BABY

For a short while Tuesday, Amazon joined Apple as the second American company valued at more than $1 trillion.

At the end of the day, when its stock was up about 1.3% to $2,039 a share, the company was valued at $994.16b. By comparison, Microsoft and Google have market caps between $850b and $840b.

Amazon is closing in taking half of every e-commerce dollar in the U.S. and could soon generate $200b in revenue in year, far less than Apple. In the coming year, though, Amazon and Apple will be going head-to-head on one another’s turfs—streaming video and music and increased capabilities of digital assistants. It's Alexa vs. Siri: Let’s get ready to rumble.

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TRILLION $ BABY

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