Amazon has become the second US company to cross the $1 trillion dollar market capitalisation mark, just one month after Apple.
That's after the company saw its stock price jump by almost two per cent on Tuesday.
It's been a pretty good few months for the online retailer. It took it just 165 trading days to increase in value from $600 billion to $1 trillion, reflecting an increase in the price of its shares, which have gone up by 111 per cent over the past year.
Three years ago, Amazon's market capitalisation stood at around $250 billion.
The only other US company to achieve a $1 trillion+ market capitalisation is Apple, hitting that level on 2 August this year. Both Alphabet, the parent company of Google, and Microsoft still haven't made the trillion dollar mark, with both currently hovering around the $900 million mark.
As for Facebook, its latest privacy controversies have seen it fall well behind its fellow tech counterparts following warnings from founder Mark Zuckerberg that privacy legislation like GDPR could affect the company's income.
For Amazon, the milestone has been achieved shortly after the completion of its purchase of smart home security company Ring.
Moments after the takeover, the Ring Video Doorbell was reduced to $99 (£89) on Amazon in a move that was permanent. This knocks the price down by roughly £50 in the UK.
The deal, first announced at the start of the year, is rumoured to have cost Amazon $1bn as one of two major acquisitions to bolster its smart home credentials.
Late last year, the company also bought Blink, a maker of modestly priced security cameras. That move, it has been speculated, is as much about the company's incredible battery life patents as about the products themselves.
The first company to achieve a $1 trillion market capitalisation was oil company PetroChina shortly after it floated on the Shanghai and New York stock exchanges. Its stock price crashed shortly after it achieved that, and today stands at just over $200 billion.
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