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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...

Spotify"s first earnings report as a public company hit the wrong note for investors. The first earnings report as a public company which was released by the company , contains an updated insight on how many people are using the music service. In all, Spotify has 170 million monthly active users and 75 million paid subscribers. That latter total is up from the 71 million marker where Spotify ended Q4. By contrast, Apple Music recently crossed 40 million subscribers . There are now 99 million people listening to Spotify through its ad-supporter free tier. Spotify’s revenue (€1.14 billion) was in line with expectations. It"s operating loss for the quarter fell to 41 million euros, or about $49 million, down from 139 million euros in the same period a year earlier. The streaming music service with its 75 million paying subscribers and A trimmed losses in the first three months of the year, but the outcome wasn"t enough to impress investors. As Shares fell 7% in afterhours t...