Amazon is in the top ten list of Fortune 500. This is a milestone for the company as the biggest retailer made it for the first time. Moreover, now you’ll see Amazon with the elephantine corporations like Apple, Berkshire Hathaway, Exxon Mobil, and Walmart.
largest corporations in USA
In terms of the revenue, Amazon became the 8th largest corporation in America. Last year Amazon was 12th on the list. So, it’s a 4 spot upgrade for the company.
“The online retailer bumped Fortune 500 veteran General Motors down to 10th place and Ford Motor out of the top tier altogether. The online retailer made its debut at No. 492 on the Fortune 500 back in 2002, the same year its biggest competitor Walmart first landed in the No. 1 spot. Amazon has since quickly gained on, and nearly caught up with, Walmart”, as CNBC put it.
Jeff Bezos foresee the imminent success in this sector. Then he started Amazon by just selling books online. Amazon’s popularity sky rocketed. In fact, the retail giant brought upending change in the industry. Also, it changed the business model eventually. Nonetheless, the company encounters tremendous criticism from Trump administration for the company’s tax-pay st