Amazon Tops $1000 For First Time Ever, Bezos Up Over $19 Billion Year-To-Date

– Amazon Tops $1000 For First Time Ever, Bezos Up Over $19 Billion Year-To-Date:

With a trailing P/E of 186x, why shouldn’t Amazon trade at $1000… as it opens its first brick-and-mortar bookstore in NYC. The surge above the historical price level means Bezos has gained over $19 billion year-to-date, but due to Microsoft’s gains, he remains the world’s second richest man behind Bill Gates.

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