Tech UPTechnologyAmazon is the next candidate for the $ 2...

Amazon is the next candidate for the $ 2 trillion club

The Big Tech group draws the attention of regulators for a simple reason: the money they generate and the origin of these profits, where the centralization of the services they offer has made them suffer lawsuits for antitrust practices and have had lawsuits from part of governments.

The first company to exceed 2 trillion dollars, trillion in English, was Apple, which was also the first to exceed the limit of 1,000,000,000,000 dollars, in August 2018, the second to follow in its footsteps was Microsoft, who managed to join the club exceeding this limit.

According to Therese Poletti, technology specialist and Marketwatch columnist, the next few months will be key for technology companies and the next on the list of trillions is Amazon, as its valuation is for 1.8 billion dollars.

“The first year of the COVID-19 pandemic has been one of the most successful of all time. We are not talking about young companies that have not been public for a long time. Apple and Microsoft, which went public in 1976 and 1986 respectively, have been titans since well into the previous millennium, producing huge annual and total sales profits in the past, while Google and Amazon were products of the market boom. dotcom that ended more than two decades ago ”, indicates Poletti.

Amazon increased its workforce by 50% in the last 12 months, which meant that it added just over 500,000 employees, as it had to prepare for the success of online sales.

“Investors have been rewarded handsomely for the performance of companies. The five largest tech companies have seen their shares hit record highs in 2021, their combined market capitalization hovering around 8.5 trillion. Although collectively they are only 1% of the companies in the S&P 500, their market capitalization represents almost a quarter of the total of the entire index, 23.7% ”, explains Poletti.

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