Thursday, August 11, 2022

Walmart and Amazon, neck to neck ..

Walmart registered revenue of $572 billion in 2022, with profits of $13 billion and market capitalization of $355 billion. 

Amazon registered revenues of $470 billion profits of $33 billion (2.5x Walmart) and a market capitalization of $1200 billion , almost 4x Walmart.

It is just $100 billion revenue that separates Walmart and Amazon. Will 2023 be a great remarkable historical year for Amazon, the 1995 started internet book company ?

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