Posted inBusiness

Amazon’s Value Surpasses Wal-Mart After Surprise 2Q Profit

MAE ANDERSON, AP Technology Writer NEW YORK (AP) โ€” Itโ€™s official: Amazon is bigger than Wal-Mart. Amazon shares surged 15 percent on Friday after the e-commerce powerhouse reported a surprise second-quarter profit and a better-than-expected 20 percent jump in revenue. The sharp increase in shares brought Amazonโ€™s market value to $259.1 billion, more than its […]

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