Tuesday, July 12, 2016

Bezos Beats Buffett as Amazon Market Value Tops Berkshire

Amazon Tops Berkshire's Revenue Growth

Amazon.com Inc., Jeff Bezos’s online retailer, moved past Warren Buffett’s Berkshire Hathaway Inc. to become one of the world’s five largest companies by market value on Monday, according to data compiled by Bloomberg. Amazon rose as high as $356.5 billion in the first two hours of trading. The company surpassed Berkshire on the day before Prime Day, an annual promotion.

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