Amazon is now the USA's most valuable publicly-traded company by market value:
Amazon's ended trading Monday with a market value of about $797 billion, compared with Microsoft's $783 billion. Apple, which had been part of a close three-way race for the seat, is now down to about $702 billion in market value after plunging last week on the news of its weak iPhone sales. Google parent company Alphabet has surpassed Apple with a market value of about $748 billion.
Previously: Microsoft Overtakes Amazon as Second Most Valuable U.S. Company
(Score: 0) by Anonymous Coward on Tuesday January 08 2019, @03:24PM
It is true that it it might be hard to compare a decades old company (Apple, MS) with a relative new comer (Amazon) and expect that P/E should match.
The current heavies are bumping their heads on market saturation, while Amazon has room to grow.