dcsimg

Amazon’s Market Cap Passes $100 Billion

SHARE
Share it on Twitter  
Share it on Facebook  
Share it on Google+
Share it on Linked in  
Email  

TechCrunch: Yesterday, online retailer Amazon.com reported stronger than expected sales for the second quarter -- $9.9 billion, a 51 percent year-over-year increase. Although net income was down for the quarter, it beat analyst expectations, sending the stock price soaring. Wednesday morning, the company's shares were trading at $225, giving it a market cap of $101.81 billion.

By comparison, HP's current market cap is around $76 billion, and eBay's is about $43 billion.

Submit a Comment

Loading Comments...

NewsletterDATAMATION DAILY NEWSLETTER

SUBSCRIBE TO OUR IT MANAGEMENT NEWSLETTER