TechBooky

Apple got there first. Amazon was second. For a brief moment early this week, Amazon shares of climbed to $2,050.50, pushing its market capitalisation above $1 trillion. That makes the e-commerce giant the second US company to attain a $1 trillion value, after Apple in August . The $1 trillion marker is an impressive, and a largely psychological milestone lots of people get excited about big round numbers. Within minutes of reaching it, Amazon’s stock price had fallen about $10, dragging the company’s market cap back down to the $990 billion range. Apple, on the other hand, sits comfortably at $1.1 trillion. Analysts at Morgan Stanley predicted in November 2017 that Amazon would become a $1 trillion company by the end of 2018. At the time, they valued its e-commerce operations (Amazon.com) at $600 billion, its cloud-computing business (Amazon Web Services) at $270 billion, its membership program (Amazon Prime) at $70 billion, and its advertising efforts at $55 billion. (Thos...

President Trump launched a new attack on Amazon on Thursday accusing the e-commerce giant of paying low taxes and keeping more retailers in the cities out of jobs. The Washington Post, owned by Jeff Bezos who also owns Amazon had recently run an editorial with the headline, "Trump gives comfort to racists" before the blistering tweet. It read: "I have stated my concerns with Amazon long before the Election. Unlike others, they pay little or no taxes and local governments, use our Postal System as their Delivery Boy (causing tremendous loss to the U.S.) and are putting many thousands of retailers out of business!" Trump claims that it"s Amazon"s fault that many retailers on the streets are struggling to make sales as many buyers turn to shop online, especially on Amazon, which is branded the largest e-commerce site. Times are changing, and the convenience that comes with shopping online cannot be over-emphasised. Online shopping accords users the benefit to...