Amazon is now bigger than Walmart
REUTERS/Phil Noble
Based on market capitalization, Amazon, which began as an online bookstore, has now overtaken the retail giant.
Amazon shares exploded 15% in after-hours trading to as high as $567 per share after the company reported quarterly earnings that beat expectations on the top and bottom lines.
Based on the after-hours spike, Amazon's market cap is now worth about $264 billion. Walmart is worth $233.5 billion.
Looked at another way, Amazon grew by about $36 billion in the first half hour after its earnings crossed. For comparison, Twitter's market cap is $23.5 billion.
Here's how Amazon has traded over the past five years:
Google Finance
And here's Walmart:
Google Finance
Disclosure: Jeff Bezos is an investor in Business Insider through hispersonal investment company Bezos Expeditions.
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