Trump may have knocked Amazon off its perch.
No. Amazon is a $700 billion company. And Bezos himself is worth $117 billion. With Amazon's stock as high as it is currently, it puts him as the richest man in the U.S. (ahead of Buffett and Bill Gates). But Amazon's stock is likely going to have a sizable crash. And when it does, his time at #1 may be short-lived.
Berkshire Hathaway and Microsoft will have huge pullbacks as well. But I think Amazon's will be much greater.
Apple is an $875 billion company and it (in time) stands the best chance at hitting the trillion dollar valuation mark one day. But first, I think Apple too, has a huge pullback long before it makes its next large run-up to that level.
Thanks for the info...don't have any Amazon stock but sure do like to shop there...
Yeah I wouldn’t suggest owning the stock...but yes, I’m a customer/prime member too.
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