Amazon became the second US company to reach a US$1 trillion market capitalization.
Amazon crossed the milestone in September 2018, shortly after Apple became the first US company to do so. Jeff Bezos founded Amazon in 1994 as an online bookstore, but the business expanded into a broad online marketplace, logistics network, advertising platform, and cloud-computing provider.
Amazon Web Services became especially important to the company’s financial profile. It supplies computing, storage, databases, and other services to organizations around the world, helping Amazon grow beyond retail.
The trillion-dollar milestone refers to the market value of Amazon’s publicly traded shares, not the value of goods sold through its marketplace. Many independent sellers use Amazon’s platform, but their merchandise is not all owned by Amazon.