On August 2, Apple became the first US company to reach a total market capitalization of $1 trillion. Now, just a month and change later, Amazon has done the same — however briefly. The online retail behemoth's stock hit a new high of $2,049.50 per share around 11:30 a.m., Eastern time this morning, momentarily nudging its market cap over the trillion-dollar line.
Following its new peak, Amazon's stock immediately began to tumble, coming to rest at $2,024.67 around 12:30 p.m.Read More
Amazon briefly joins the trillion-dollar company club just a month after Apple was written by the awesome team at Android Police.