Plus $ 191 billion per day - Amazon set a record growth in market capitalization

Amazon, due to the successful last quarter of last year, was able to set a record for the growth of market capitalization, having risen in price by $ 191 billion per day.

After the publication of the report on financial results for the fourth quarter of 2021, Amazon shares rose by 14%. The Seattle-based company now has a market capitalization of $1.6 trillion. According to this indicator, it is second only to Apple, Microsoft and Alphabet.

Investors were optimistic for several reasons. First, the annual Amazon Prime subscription in the United States has grown from $119 to $139. Secondly, during the holiday period the company almost doubled its profit.

By the way, the state of Jeff Bezos has grown along with the capitalization of Amazon, but not so much - by $ 20 billion per day.

A source: The Wall Street Journal