#Roommates, with most non-essential businesses closed due to the coronavirus outbreak, Amazon has become more popular than ever before, as they are shipping orders at lighting speed to ensure that customers get everything they need as they continue to be on lockdown. Business is so good for Amazon right now that the company is now worth over a trillion dollars…yes, TRILLION!
As reported by @Variety, Amazon shares have recently skyrocketed to an all-time high, as stocks climbed over 4%—and officially giving the online marketplace a jaw-dropping market value of $1.1 trillion. Amazon’s stock was up 4.2% earlier this week, trading to over $2,260 per share, which topped its previous all-time high back in February when the company’s stock closed at $2,170.22 per share.
As the company’s stock continues to rise, Amazon founder and CEO Jeff Bezos, is currently worth $137 billion, according to Forbes, however that number is likely to rise as well. In case you forgot, Bezos, is ranked as the wealthiest person in the world. Earlier this month he shared some of that wealth by donating $100 million to food bank organization Feeding America to help those impacted by coronavirus. Additionally, back in February, created a $10 billion fund to combat climate change.
As Americans have been forced inside their homes due to widespread self-quarantine and social distancing measures, Amazon has been the go-to way for many to get all of their essential needs while also staying healthy.
Amazon also recently hired an additional 100,000 full- and part-time workers and invested over $350 million globally to increase employees. To meet with demand, the company recently announced plans to hire an additional 75,000 employees “to help serve customers during this unprecedented time.”
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