Amazon is 2nd US company to reach $1 trillion market value

NEW YORK — Amazon on Tuesday became the second publicly traded company to reach $1 trillion in market value, hot on the heels of iPhone maker Apple.

The milestone is another sign of Amazon's swift rise from an online bookseller to a behemoth that sells toilet paper, TVs and just about anything. In its two decades, Amazon has expanded far beyond online shopping and into health care, advertising and cloud computing.

http://www.startribune.com/amazon-is-2nd-us-company-to-reach-1-trillion-market-value/492403731/