What’s New at Amazon.com?
Latest info has it that Amazon.com surpasses Exxon and
has thus claimed the spot as the 4th most valuable company
in the United States.
Amazon.com is an eCommerce site pioneered by Jeff Bezos
and deals with the best of new deals cutting across almost all areas of life including those of prime goods, movies, games,
books, eBooks, smartphones, iPhones, and groceries –among others. You just search for anything on the platform and you get it delivered at great pricing!
Amazon.com Incorporated recently on Monday August 2nd
2016 surpassed the almighty Exxon Mobil Corporation to
become the 4th biggest U.S. Company in the context of
market capitalization.
The firm - Exxon Mobil also came dragging behind Facebook Incorporated to come 6th place, making it an all-technology top 5.
Amazon.com has now moved 3 spots from its previous 7th
position in the 2 sessions since the company stated its second quarter outcomes, surpassing Warren Buffet's Berkshire
Hathaway Incorporated and that of Mark’s Zuckerberg
Facebook Inc.
Reportedly Amazon’s stock pushed up to 1.2 percent to a
record close, taking its market cap position to $364 billion - while Facebook shares gained around 0.3 percent to take
its market cap position to $356.9 billion.
At this moment, Exxon Mobil shares nosedived by 3.5
percent, on the verge of a fall in oil rates, to knock its market cap position on the downward spot to $356 billion.
In 7th seventh place was Berkshire Hathaway closing at $355 billion!
This means that Amazon is living up to its hot sales potentials
as the leading global eCommerce store where anything as
little as a $1 pin to the costliest item in multi millions of
dollars can be found.