Saturday, June 15, 2024

Amazon’s Market Cap Passes $100 Billion

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TechCrunch: Yesterday, online retailer 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.

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