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Amazon has briefly become the second US-listed firm to have a market value of more than $1 trillion (£779bn). According to a report in CBS News, Amazon shares hit $2,050.49 — climbing 1.5 per cent in the morning trade — bringing the company's market value above $1 trillion. Now that Amazon joined Apple in the trillion dollar market value club Tuesday, the race is on to see which company can cross $2 trillion.
Amazon becomes the second trillion-dollar company in the United States.