Amazon is now worth two Walmarts

on May15

It took Amazon 18 years as a public company to catch Walmart in market value. It took less than another two years for Amazon to be worth twice as much.

On the 20th anniversary of Amazon’s IPO, Amazon’s market cap stands at $459 billion before the market opens for trading. Walmart’s? $228 billion.

Walmart has well more than three times Amazon’s annual revenue, and five times its net income. But Jeff Bezos and Amazon have sold a vision of revenue growth over huge net income figures — and Wall Street has largely bought in.

More from Recode:
Amazon’s epic 20-year run as a public company, explained in five charts
Google will now go easier on publishers that violate its ad policies
Alphabet’s self-driving unit Waymo is teaming up with Lyft

With that freedom, Amazon has continued to consistently grow its revenue north of 20 percent, while pumping cash into big new business areas like AWS — which some have estimated is already worth $160 billion — and the Alexa voice computing platform.

For Amazon’s next act, it’s taking on Walmart on its own turf: Brick-and-mortar retail.

By Jason Del Rey, Recode.net.

CNBC’s parent NBCUniversal is an investor in Recode’s parent Vox, and the companies have a content-sharing arrangement.



Previous postVladimir Putin says extending oil output cuts will deliver stable oil prices Next postGM gets its groove back with suppliers

Leave a Reply

Your email address will not be published. Required fields are marked *



Los Angeles Financial times


Copyright © 2020 Los Angeles Financial times

Updates via RSS
or Email