Amazon reaches 2 trillion dollars milestone

Amazon reached a major milestone in June and is one of the few companies to have achieved a market capitalization of over 2 trillion dollars. This puts Amazon alongside Microsoft, Apple, Google parent company Alphabet, Facebook parent company Meta, technology company Nvidia and pharmaceutical company Eli Lilly.

The company reached this milestone shortly before the 30th anniversary of Amazon's founding and 27 years after its first IPO. y among the most valuable companies by market capitalization. 

Competing with other retailers

In addition to this news, there have been several reports in the media that Amazon is planning to open a new storefront to compete with e-commerce retailers Shein and Temu.

Source: www.forbes.com