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Amazon reach record highs on share prices, are valued at $140 billion right now

Amazon are currently valued at $140 billion after reaching record high share prices

| Business, Financial & Legal News | Posted: Jul 14, 2013 5:32 am

Amazon, for the first time in the company's history, has had their shares trade at over $300 last week. Amazon went public in 1997, where their shares were trading at just $2, so this is quite the rise.

 

TweakTown image news/3/1/31684_06_amazon_reach_record_highs_on_share_prices_are_valued_at_140_billion_right_now.jpg

 

On Friday, Amazon shares closed at a record $307 per share. With the current stock price in mind, Amazon's market capitalization stands at $140 billion. Talking market caps, Google scoop up $306 billion with their power, and Apple enjoy a nice chunk of $400 billion. Amazon are far out and away from Facebook, though, who have just $63 billion.

 

During the first three months of 2013, Amazon reported net sales of $16.07 billion, which represents a 22% increase for the same quarter of 2012. Net income fell however, to $82 million, down 37%.

NEWS SOURCE
Allthingsd.com

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