Amazon Becomes the World's Biggest Publicly-Traded Company


Amazon for the first time closed out Monday’s session as the world’s biggest company by market capitalisation, overtaking Microsoft and other fellow tech behemoths.

The online sales goliath assumed the top spot after notching a 3.4 percent gain to finish with a market capitalisation of $796.8 billion, about $13.2 billion more than Microsoft.

Led by Chief Executive Jeff Bezos, Amazon has seen remarkable growth as its business has spread beyond its origins as an online bookseller to myriad other retail categories.

Revenues jumped from $74.5 billion in 2013 to $177.9 bill ion last year and are projected to reach $232.3 billion in 2018. (Shutterstock)

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