Banks Apple in place: Now is Amazon the world's most valuable

Internethandelsgiganten Amazon has for the u.s. equity markets ' work hours Monday taken over the spot as the largest publicly traded company in the world.

It happens after a appreciation of the local currency of 3.4 percent, which thus makes the Amazon to a more valuable company than techgiganter as Microsoft.

It writes the AFP news agency.

With kurstigningen lands Amazon at a market value of around 796 billion u.s. dollars, equivalent to more than 5 trillion dollars. For comparison, the Danish gross domestic product in 2018 2.4 trillion dollars.

Jeff Bezos's leadership of Amazon, which originally made up the most in the sale of books, seen a tremendous growth over the past year.

the Company's turnover has increased from 74.5 billion u.s. dollars in 2013 to 178 billion u.s. dollars in 2018. In 2019, it is estimated a turnover of 232 billion u.s. dollars, equivalent to 1.5 trillion dollars.

Cheap goods, and the hard wage compression on its employees has made Jeff Bezos of the world's richest. Photo: Cliff Owen/AP

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Amazon's market value has increased, while at the same time another former holder of the first place has experienced a great fall Apple. The company had first place as late as in november last year, but is currently number four after Amazon, Microsoft and Google's parent company, Alphabet.

Jeff Bezos, who, because of Amazon's huge growth has been the world's richest man, founded the company in a garage in Seattle in 1994 and sold the first books the year after. The company grew steady and became publicly traded in 1997.

the Strategy was from the start to invest in solid growth, and through a decade, the company has built countless department stores, distributionsenheder and data centers in the UNITED states and the rest of the world.

In recent years, Amazon has spread over many new areas in addition to core business, internet commerce, and in 2017, the acquired company is Whole Foods, an organic supermarket chain.

Additionally, Amazon has joined in the entertainment with a streaming service Amazon Prime.