amazon
Image: © Scott Lewis via Flickr

Amazon is now worth $1 trillion

It’s only the second time in history that a public company has been worth that much money.

It’s only the second time in history that a public company has been worth that much money. The other one was Apple.

What it means: Being worth $1 trillion doesn’t mean Amazon has that many dollar bills lying around in a vault somewhere. (Which is just as well, because that pile would be over 1,000km high.) Instead, it’s how much all the company’s shares are worth put together. Owning a share means you own a bit of the company. So if you wanted to buy Amazon outright, you better be a trillionaire.

Amazon’s shares are worth so much because lots of people think the company is about to make bucketloads of money. (Shareholders get part of a company’s profits.) That kinda makes sense if you think about how popular Amazon is and how many people buy stuff from it. Amazon is also one of the big sellers of cloud computing software, which is big business now half of us are living in the clouds (the digital ones).

But Amazon probably won’t get to keep its trillion-dollar crown for long. That’s because it’s pissed off a lot of powerful people, including the President of the United States (aka Trumpington), by not paying much tax and/or not giving its employees high wages. It’s likely Amazon is about to get clobbered with a bunch of fines and regulations. That means it’ll have less money to divvy up among shareholders, making its shares less valuable.

Recent articles

Reader Comments

  • WhereAreTheVikings

    What a terrible, terrible shame. Western Civilization nurtured capitalism, and now capitalism is destroying it. And these young people seem to welcome the invasion of their homeland. The media and schools have been very efficient in wiping out all traces of blood and soil.

    • prollawalllynotahumanoid

      Capitalism isn’t the problem. It’s corrupt politicians taking bribes and kickbacks from Globalists and the Chinese.

      • WhereAreTheVikings

        Maybe I should have said crony capitalism. Although Italians importing Chinese to make “Italian leather” shoes is not crony capitalism. It is capitalism, pure and simple.

        • prollawalllynotahumanoid

          That would be crony capitalism and globalism combined. They aren’t concerned with the affect their policies have upon their citizens, the health and welfare of their society and culture or their economy. What it isn’t is fair-free trade to further national interests.

          • WhereAreTheVikings

            I’ve always seen them as one and the same, but perhaps they need to be named individually, just to bring home the point.

      • WhereAreTheVikings

        But now that travel is so easy and borders are virtually down through H1bs and the like, theoretically you can’t blame capitalists for the pursuit of cheaper labor, although I do heartily blame them not being more patriotic than that. Perhaps the emerging nationalism will force them to voluntarily do what they should have morally been doing all along, and that is employing business practices that preserve their countries and nationalities. The government should be doing everything it can to encourage that, to the extent that small government should do anything but guard the borders and strictly, drastically, limit immigration.

      • Henry Lam

        It is China with its corrupted mindset affecting the world.

        • prollawalllynotahumanoid

          No it is not. Capitalism is the fairest and least corrupt system of all.

          Socialism and communism is based on authoritarianism, coercion and police intimidation. It has and always will be rife with criminality, bribes and kickbacks.

          Corruption can be anywhere but it is the very basis of socialism and communism.

    • Henry Lam

      The government is too weak. They do not understand the mindset of communists and how they educate their people. Those communist people are only loyal to their country and could be dangerous. The immigration law should only accept those who accepted multiculturalism and taught from a democratic education system. This virus events clearly has shown how stupid to take China as a friend.

      • WhereAreTheVikings

        The government is not too weak. Just weak-minded about some things.

  • Gabi Rodrigues

    For how many days can a country maximum close their borders to foreigners maximum? Like now, with the virus, everyone is using 30 days. Can it be more?