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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.

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Reader Comments

  • RW

    Your right to a degree. You mentioned “the wandering Jew”.

    I elaborate that the Jewish people, historically have tended to migrate almost exclusively to locations that are economically and culturally vibrant already. I would speculate that Jews have thrived in these places and have often improved the bounds of their economies and knowledge base.

    You can also ask; how many massive entertainment conglomerates, Nobel winners or billionaires has Isreal developed? If Jews are so capable, why isn’t Tel Aviv the Rome of our time?

    Jews are successful because they value education, maintain a strong social cohesive, they actively monitor and have a good sense for Zeitgeist wherever they are and they carefully choose the places they settle and congregate themselves heavily in these choice locations.

    But most importantly (haulocaust increased the importance of this aspect), they actually designed their culture for success. They not only attend Harvard, they use what they learned to better the group as a whole. With as much, they studied intricate networking systems, adapted to it and in many cases improved upon them. (See how Japan acquired Aegis warships and made them better).

    Of course there is nothing wrong with any of this. It’s when you elaborately gain disproportionate power in any society where you would stand out, you must take care when attempting to make a society better (Civil Rights movement) and rewriting that society all together (mass immigration). Ask blacks in China, Mexico, Philippines or India how much opportunity they have? Go to businesses owned by their American diaspora and see how many blacks they hire. Go to Silicon Valley and see how many East or South Asian tech workers wish they could work with more black people. California might work as a state, but as a nation, I think your rolling the nuclear dice here. I hope we can succeed as a tolerant pluralistic superpower but at this stage in human societal development, it’s a pipe dream.

    And if Jews really are the icon for success, they would see that fundamental human successes happen over generations. Just look at the rest of the planet? Are we ready?