Amazon hits $1,500 for the first time ever [CNNMoney.com]
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Source: CNNMoney.com
Amazon hits $1,500 for the first time everAmazon is unstoppable right now.Jeff Bezos' machine touched $1,500 a share Wednesday for the first time ever. Amazon's(AMZN) stock is up 27% in 2018 even though the broader market is about flat on the year.The company's market value is now $718 billion, trailing only Apple (AAPL) and Google(GOOG). Amazon recently surpassedMicrosoft (MSFT), which is now in fourth place.Amazon hit $1,000 a share last May and its stock boomed 73% in 2017. That helped Jeff Bezos become the world's richest person, topping Bill Gates. His wealth surpassed $100 billion in November.Amazon's stock has raced out of the gate this year afterreporting stellar earnings earlier this month. The company announced a profit of nearly $2 billion, the largest in its history and the first time it topped $1 billion in a quarter.Related: Amazon's latest Prime perk: 5% cash back at Whole FoodsThe company has muscled into the grocery industry with its Whole Foods acquisition, built a
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