Amazon has all chances to set a global record.
Professor of the stern School of business in new York Scott Galloway, who recently published the book “Four: the Mystery of the DNA Amazon, Apple, Facebook and Google”, said that Amazon may become the first company in the world with a market capitalization of more than $ 1 trillion.
This opinion he expressed in an interview with The Street. At the moment the market value of Amazon is behind Apple on the capitalization of 40% to 476 billion to $ 805 billion.
Many experts believe that the “Apple” company will be the first to exceed $ 1 trillion. However, Galloway says that with the increasing competition between the four largest technology companies in major markets, shares of Amazon “will begin to overcome gravity”.
“If you look at how Amazon fights with the other three companies, you will see that she wins everywhere in contact with them,” said Galloway.
The expert noted that the company Jeff Bezos is a profit bet on vision and growth. In the end, Amazon probably has access to cheap capital in modern business.
According to Galloway, the recent purchase of the supermarket chain Whole Foods Market, which cost Amazon 13.7 billion dollars, was the largest corporate transaction in the retail sector over the last 20 years.
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