Amazon closes in on $1 trillion

Jamie McKane

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Amazon closes in on $1 trillion

Amazon.com Inc. is headed for its biggest gain in four months, pulling within $26 billion of becoming America’s second trillion-dollar company, after Morgan Stanley said sales growth remains strong.

The rally extends a run in which Jeff Bezos’ online superstore has surged almost 550 percent since the end of 2014, adding roughly $800 billion to its market value.

[Bloomberg]
 
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