Amazon value exceeded $ 1 trillion after publishing financial statements

Amazon value exceeded $ 1 trillion after publishing financial statements

Amazon’s online retailer’s value rose above $ 1 trillion on Friday after the company’s financial statements were released, according to trading data.

Amazon shares rose 7.85% – to 2018.24 dollars per share, while earlier in the course of trading the indicator rose to the level of 2055.41 dollars. Based on these quotes, the value of the entire company exceeded $ 1 trillion.

Amazon published a financial report on Friday night, according to which, according to the results of 2019, the retailer’s net profit increased by 15%, to $ 11.6 billion. Revenue grew by 20.5% to $ 280.522 billion. Net income for the fourth quarter also increased by 8% to $ 3.3 billion, and revenue by 20.8% to $ 87.437 billion.

For the first time, Amazon’s value has exceeded one trillion dollars in 2018. Then she became the second, after Apple, an American company to step over that mark.

According to Forbes magazine, Amazon founder and CEO Jeff Bezos is the richest man in the world.

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