Amazon.com became the second most valuable publicly listed U.S. company on Tuesday, surpassing Google parent Alphabet Inc for the first time.
These numbers change all the time and we don’t post about it every time they change, but this is significant for Amazon. They only trail Apple at this point.
Amazon obliterated Microsoft and kicked aside Google in a span of a couple of months. Amazon will easily blow by Apple by the end of the year. Jeff Bezos has to be the CEO of the century. That dude is really aggressive. He has one speed and that’s running at full-throttle. Apple has been sitting on a mountain of cash and simply coasting for years. It’s somewhat hard to understand except that Jeff Bezos owns his company and Tim Cook doesn’t.
Honestly speaking, I don’t think Apple will ever reach the $1T market cap but Amazon will easily break it and go much higher Amazon must be backed by the wealthiest hedge funds around. All the FANG stocks are simply untouchable when it comes to value. Amazon is said to be the perfect company. It doesn’t need the profits Apple makes to become the most valuable company on Wall Street. If Apple had only put more money back into the company over the years to grow revenue, Apple could have stayed on top. It’s too late now. Apple is going to get run over by the Amazon freight train.
Apple’s share price gains in a year look like a boring roller-coaster. Amazon’s share price gains in a year looks like a Saturn V booster rocket on steroids. It only goes one way and that’s up. Jeff Bezos is already the richest man on the planet. By the end of the year he’s going to be twice as wealthy as Bill Gates. That’s really something to think about. All those powerful hedge funds pushing Jeff Bezos’ wealth into the stratosphere.
this is of course nonsense. wall street’s imaginary stock price isn’t the same as generating wealth and value via product and customers. and managing a company for the stock price is as dumb as an NFL coach coaching to get his fantasy league stats rather than winning the game at hand. it’s a backwards way to run a company. profit is king. profit is the air corporations breathe. GE’s former CEO calls managing to the stock price “the dumbest idea in the world” with a famous essay. explained here at Fortune:
http://www.forbes.com/sites/stevedenning/2011/11/28/maximizing-shareholder-value-the-dumbest-idea-in-the-world/
the idea that apple is coasting while it’s in fact making historic profit and revenue by continuing to develop new technology and products is rather dim.