NEW YORK:
Amazon for the first time closed out Monday's trading session as
the world's biggest publicly-traded company, overtaking Microsoft and other
fellow tech behemoths.
The online sales goliath assumed the top spot after notching a
3.4 percent gain to finish with a market capitalization of $796.8 billion,
about $13.2 billion more than Microsoft.
Led by Chief Executive Jeff Bezos, Amazon has seen remarkable
growth as its business has spread beyond its origins as an online bookseller to
myriad other retail categories.
Revenues jumped from $74.5 billion in 2013 to $177.9 billion
last year and are projected to reach $232.3 billion in 2018.
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