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Americans are dependent on Amazon

Americans are dependent on Amazon

| July 06, 2020
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As America celebrates its Independence Day, more and more Americans are dependent on Amazon.  The e‑commerce behemoth’s stock sits at all-time highs, and its president Jeff Bezos is (by far) the richest man in the world.  Everyone knows that Amazon is big in the retail space, but just how big may surprise many.  VisualCapitalist created an infographic showing Amazon’s valuation compared to the country’s nine next-largest retailers.  In short, the market valuation of all of the next nine companies, from Costco to Walmart, added together still lag Amazon’s by almost half a trillion dollars.

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